Regulatory Asymmetry Grows as Foreign Exchanges Gain Ground in Poland

[encrypted]

Poland’s failure to implement MiCA domestically is creating what industry leaders call a regulatory imbalance. Foreign firms such as Coinbase — which secured a MiCA license in Luxembourg in 2025 — can passport their services into Poland, while local companies lack a formal pathway to obtain authorization at home.

Executives from exchanges with Polish roots warn that smaller domestic firms may be squeezed out as a result. Meanwhile, economist Krzysztof Piech is reportedly preparing a more crypto-friendly draft bill aimed at implementing MiCA without what critics describe as excessive restrictions. Whether a compromise can be reached before the EU deadline may determine the future of Poland’s homegrown crypto sector.

[nihalsari]

if they don’t land a compromise soon, the real winners won’t be polish startups — it’ll be the already-licensed EU giants.