PANews, February 28 — According to Bloomberg, Polish online broker XTB said that the political deadlock surrounding the European Union’s Markets in Crypto-Assets Regulation (MiCA) is hindering its crypto business expansion. XTB plans to launch crypto trading in Poland but has postponed it due to the country’s failure to align its regulations with MiCA. Polish President Karol Nawrocki has vetoed the relevant legislation twice, and financial regulators warn that if domestic institutions do not obtain licenses from other EU countries by July 1, they may lose the qualification to offer crypto asset services. XTB is considering applying for a crypto license in Cyprus as an alternative, but says this move would weaken its ability to attract customers and market in Poland.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
The Clarity Act hangs in the balance: the SEC may hold crypto accountable, and Ripple and developers face immense pressure
The prospects of the "Clarity Act" are unclear, which may lead the SEC to reconsider cryptocurrencies as securities, increasing legal risks. Industry insiders warn that short-termism and conflicting interests may delay the passage of the bill, impacting the legal status of mainstream assets. Cryptocurrency lobbying groups are prepared to address regulatory risks, calling for unity to ensure the long-term safety of the industry.
GateNews1h ago
Michael Saylor once again compared STRC to money market funds, sparking a retail frenzy.
Strategy company founder Michael Saylor compared his stock STRC to a money market fund on CNBC, drawing attention. STRC has a dividend of up to 11.5%, but it is not a true money market fund and carries high risks. Despite the SEC stating that its risks are significant, Saylor still attracts a large number of retail investors, and analysts remind that caution is needed to distinguish between them.
GateNews1h ago
Ripple CEO: The negotiations for the Clarity Act are tough, but an agreement on stablecoins and the cryptocurrency industry is about to be reached.
Ripple CEO Brad Garlinghouse stated that negotiations for the Clarity Act are progressing smoothly and an agreement is expected to be reached soon. He emphasized that the U.S. should pass the bill as soon as possible to solidify its status as a cryptocurrency hub and noted that the use of stablecoins will facilitate the integration of traditional finance with the crypto industry.
GateNews1h ago
The CLARITY Act aims to provide SEC protection for DeFi developers and reduce regulatory uncertainty.
The "CLARITY Act" is an important piece of legislation promoted by U.S. Senator Cynthia Lummis, aimed at providing clear legal protections for DeFi developers and reducing regulatory uncertainty. The bill plans to clarify the regulatory scope of the SEC and CFTC, promote innovation, and attract projects to develop in the United States. The bill is currently still in progress, with a specific implementation timeline yet to be determined.
GateNews3h ago
Bitmain Security Concerns! Warren Sends Letter to the Commerce Department, Inquiring About the Truth of Trump's Family Purchases.
Democratic Party Senator Elizabeth Warren wrote to the Department of Commerce, urging it to investigate the bitcoin mining company Bitmain’s mining rig transactions and their potential threats to national security, amid concerns that the U.S. government is conducting a security review of the company and worries about possible espionage activities. American Bitcoin, owned by the Trump family, purchased 16,000 mining rigs, and Warren questioned the conflict of interest that could influence decision-making.
MarketWhisper6h ago
Canada proposes crypto political donation ban over foreign interference fears
Canada’s federal government has proposed a total ban on cryptocurrency donations to political parties, citing concerns that foreign entities could exploit the technology to interfere in elections.
Known as the Strong and Free Elections Act, the bill was introduced on Thursday and proposes to
Cointelegraph7h ago
