Poland's lower house of parliament has passed a sanctions bill, allowing crypto assets to be frozen prior to judicial review.
21 minutes ago
According to a report from The Defiant, Poland’s lower house of parliament has passed a broader sanctions framework bill that includes crypto assets, bank balances and real estate in its restrictive measures. Clients added to the sanctions list may be barred from accessing assets held on crypto trading platforms before a court reviews their designation; even if an appeal is filed, the restrictions will not be automatically lifted, with judicial challenges to be conducted after the designation is finalized. The bill was adopted on November 6 with 240 votes in favor, 202 against, and 1 abstention. It is designed for the interior minister to maintain a national sanctions list, and asset restriction orders can be issued against individuals or entities on the list. Banks and crypto trading platforms are required to enforce the freeze orders; for self-custody wallets, the administrative order alone does not grant authorities access to private keys, and enforcement depends on identifying the relevant assets and limiting their transactions. The proposal does not impose a general freeze on crypto assets in Poland, only applying to those on the sanctions list. The bill has been submitted to the Senate for consideration and still needs the signature of President Karol Nawrocki to take effect. This domestic sanctions mechanism will run parallel to existing EU sanctions and is distinct from the EU’s Markets in Crypto-Assets (MiCA) regulation, which primarily governs crypto service provider licenses. Opposition lawmakers and legal organizations have expressed concerns about property restrictions being imposed without prior judicial approval.
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