Poland’s crypto sanctions bill has cleared the lower house of parliament, giving authorities explicit power to freeze digital assets when imposing sanctions. The Sejm approved the government-backed Act on Restrictive Measures on Friday by 240 votes to 202, with one abstention, and forwarded it to the Senate on Monday, according to official parliamentary records.
The bill names crypto assets, as defined under the EU’s MiCA regulation, among the funds that can be frozen. Poland’s interior minister would oversee the list, and designations take effect the day after publication. Targets can challenge decisions in administrative court, but enforcement can proceed before a ruling. The bill also covers certain foreign interference and information manipulation posing a serious national security threat. It builds on a 2022 national list tied to Russia’s invasion of Ukraine.
For the crypto industry, the notable point is that the text names digital assets directly, so freeze powers explicitly reach them. The Senate has 30 days to approve, amend or reject the bill. If it takes no action, the bill counts as approved in its current form and can proceed to the president.
CryptoLaunchHub Takeaway
The bill has cleared only one chamber, so its final wording could still change. Its explicit reference to crypto assets adds clarity on scope while placing digital holdings firmly within the state’s sanctions powers.
Source: Cointelegraph