Przemysław Kral, CEO Zondacrypto, gave an interview Onetin which he spoke, among others on the attempt to implement MICA in Poland.
Przemysław Kral, CEO Zondacrypto, criticizes “Polish Mica”
Mica is a regulation package that is to “arrange” the cryptocurrency market in the European Union. Although he initially aroused controversy, ultimately many experts praise the direction of Brussels – if only because the industry is finally regulated at all.
However, the actions of the Polish authorities turned out to be a problem. These decided to take a step forward and added to the “base” – Mica – their ideas. Only these turned out to be fatal!
(…) The act should introduce one to one what Mica introduces, and not to be a muzzle on the crypto market, as is the case now. And how you try to push through and vote. This act applies to me on average, because it really applies to entities that are to apply for a license in Poland
– Przemysław Kral has reviewed the ideas of the government.
In terms of applying for licenses in Poland, Zondacrypto leaves no illusions to anyone: the actions of the rulers will lead to the fact that no one will formally act with us as a cryptocurrency exchange. Simply, entities from the industry will move to other countries and from there will direct activities. All based on passporting.
I don’t think someone with healthy minds did it (he was applying for a license in Poland.), In fact. And I’m waiting for what will happen next
– CEO added.
He assumes, however, that “the law, if it is still so restrictive, will not be able to stop” and will be vetoed by President Karol Nawrocki.
President’s veto
This opens a new thread – entanglement of cryptocurrencies in a political conflict in Poland. And paradoxically it is good that this is happening, because it gives you a chance to save the industry.
The bill was interested in, among others PiS MP Janusz Kowalski.
The government’s draft act on cryptoctives does not meet the basic principle, which, when implementing EU law, should apply: “EU + zero” (national regulations should not extend what the EU proposes – editor’s note). Government regulations, if they came into force, would block the development of cryptoctives in Poland for years, and Poles are a fintech nation. The success of BLIK and many other solutions prove that cryptoactic should be treated as innovations, not as a threat
– he said Gazeta Wyborcza politician.
(…) When I was a deputy minister of agriculture, I built supra -party political support for biogas, so now I want rational solutions in an innovative field of cryptocurrency. This is not so obvious, the PiS attitude towards the crypto market is not enthusiastic, but I think that my activity is slowly changing it
– He explained by the way why he was involved in defense of the industry.
It is not – like many deputies – splendid: it has a plan on how to lead the market to regulated, but in a different way.
At the stage of parliamentary work on the Act on cryptoctives as Law and Justice, we will report dozens of amendments to the government project. If these recommendations are not taken into account, then the veto of President Karol Nawrocki should be expected
– he said.
Mentzen on the act
The act is also attacked by Sławomir Mentzen, who in his recording on YouTube described how the bill is harmful and how the market could be regulated in a different way.
In the Polish version of the Act, the company will not be able to place information on their website that, for example, they release some token or other cryptocurrency, which is contrary to the requirements of the MICA regulation, which in turn obliges to place such information on the website. So if a company in Poland wanted to make this suicidal traffic and obtain a license, emit tokens in Poland, it could choose whether he wants to break Polish law, whether he wants to break European law, whether he wants to be in line with the Polish law, or maybe with the EU regulation, because with one of the other it is impossible
– he calculates in the recording.
However, I encourage you to watch the whole:
Our editors also learned that the subject is interested in individual MPs from the ruling camp, who understand the threats that flow from the voting of the project, and also see in the cryptocurrency community … a potential electorate that can vote for them.
Lack of development despite the potential
Kral claims that Poland has the potential to become an important industry center. Only that politicians can destroy it all:
There will be no start-up entity in Poland (on the crypto market), despite the huge potential. Everyone will apply for a license elsewhere than in Poland, because the specter of such penalties and fees effectively scares everyone who would like to do anything within the crypto. And that’s what the act is for to say: Poland will be such a cryptopustyna and go anywhere else. Its assumptions are just to scare away and to say that we do not like cryping in Poland, which is absurdly unacceptable and what is in my opinion really acting to the detriment of the state by the rulers.
Everything is strange because exodus kryptofirm means losses for the budget.
Yes, of course, this is a pure loss for the budget, it is a pure action to the detriment of the public interest. And I am very sorry that I do not pay taxes (as a company) in Poland, because I could and I would like. And this is my hope that it will change someday
– emphasized Kral.
The fight for regulations has been going on for many years
It is worth adding that everything that is now taking place is not just the fault of the current power. In 2016, the Polish Bitcoin Association organized social consultations in the Sejm, to which MPs were invited. The goal was to prepare the latter for market regulation. Only a co -organizer appeared on the spot – MP Mirosław Suchoń (then Nowoczesna, now Poland 2050).
Around this time, a consulting group was created at the department of digitization, the so -called Stream. It still didn’t make much.
And finally, KNF leaned over the fate of the market. Effect? No. And certainly not positive.
Polish politicians have behaved over the last decade, as if they were waiting for the regulations to fall from the sky, read: from the European Union. They did not show any their own initiative! Now, in turn, they are trying to show us that saying that zeal is worse than fascism is the most true. In practice, the Polish cryptocurrency market will destroy their version of the Act. More precisely: the latter will survive, but will be formally registered in other EU countries. It is in them that he will also pay taxes. It is difficult to understand what the rulers are doing.
