Polish parliament passes bill to adopt MiCA

The Polish parliament passed a bill today to incorporate the European Union's Markets in Crypto-Assets (MiCA) regulation into national law, Reuters reported. Local firms risk losing their authorization to provide virtual asset services if the law is not implemented by July. However, the bill still faces a potential presidential veto. Polish President Karol Nawrocki has previously vetoed similar MiCA-related legislation in February and in December of last year. Separately, prosecutors are investigating the country's largest exchange, Zondacrypto, over alleged fraud amounting to approximately $100 million, which has led to withdrawal difficulties for thousands of users.