Poland's Parliament Passes Crypto Regulation Law on May 15, Amid Zondacrypto Fraud Probe Involving $95.93M in Losses

According to Reuters, Poland's parliament passed cryptocurrency regulation legislation on May 15 to implement the EU's Markets in Crypto-Assets Regulation (MiCA), with implementation rules due by July.

The law follows investigations into Zondacrypto, a Polish crypto exchange accused of large-scale fraud. Prosecutors are investigating alleged losses exceeding 350 million zloty (approximately $95.93 million), affecting thousands of users unable to withdraw funds.

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