Polish President Karol Nawrocki has once again vetoed the government-backed "Cryptocurrency Asset Market Act" (which aims to implement the EU MiCA regulatory framework domestically), stating that the bill is almost identical to the previous version, only lowering the regulatory fee cap from 0.4% to 0.1%, and still has issues such as being "excessive, vague, and disproportionate." The report notes that the bill originally intended to grant the Polish Financial Supervision Authority (KNF) stronger regulatory powers, including the ability to suspend or prohibit the public issuance and trading of crypto assets, establish suspicious domain name registration, and impose fines of up to 10 million zloty for serious violations. (Cryptopolitan)

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