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Poland Passes Crypto Regulation Ahead of EU Deadline
Description
Poland Rushes to Regulate Cryptocurrencies Amidst Zondacrypto Scandal
Polish lawmakers swiftly passed a bill to regulate cryptocurrencies, adhering to the EUs Markets in Crypto-Assets rules before the July deadline. This decision comes in the wake of Zondacryptos collapse, leaving users locked out of $96 million. The exchanges founder disappeared in 2022, and his successor is in Israel, complicating extradition. The president previously vetoed similar bills, but with the deadline looming, Poland risks losing its ability to offer crypto services if rules arent established soon.
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