Poland passes cryptocurrency regulatory bill, Zondacrypto involved in $95.93 million fraud investigation

Techub News reports, according to Channel NewsAsia, Polish lawmakers passed a cryptocurrency regulation bill on Friday to implement the EU's MiCA regulations. At the same time, Polish prosecutors are conducting a fraud investigation into the exchange Zondacrypto, determining that user losses exceed 350 million zloty (approximately $95.93 million). The exchange's founder went missing in 2022, and his successor is currently in Israel, making extradition difficult. Zondacrypto was once the largest exchange in Poland, with thousands of users unable to withdraw funds. Polish Prime Minister Tusk has accused it of being involved with Russian mafia funds. According to reports, the bill had previously been vetoed twice by the president. If it is not formally implemented before July, Polish entities will lose the eligibility to provide cryptocurrency asset services.