Polish parliament takes up four crypto regulation bills

The Polish parliament has begun formal discussions on four cryptocurrency regulation bills, The Block reported. Key points of contention include the power of financial supervisory authorities to block accounts and the scale of potential fines. Meanwhile, the conservative opposition party, Law and Justice (PiS), has withdrawn its support for the existing market regulation bills and submitted a separate proposal to ban cryptocurrency activities outright. The parliament plans to first complete its review of the four regulatory bills before considering the prohibition bill.