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Poland Moves Forward with Crypto Regulation: Council of Ministers Adopts Cryptoassets Draft Act

Last week, the Polish Council of Ministers approved the draft Act on the Crypto-Assets Market (Draft Act), marking a significant step in aligning national legislation with the EU's Markets in Crypto-Assets Regulation (MiCA).Key Highlights:MiCA Implementation: The Act aims to integrate MiCA into Polish law, establishing a regulatory framework for crypto-asset regulation.Licensing Requirements: Crypto-Asset Service Providers (CASPs) will be required to obtain authorization from the Polish Financia

ESMA Guidelines on Crypto-Asset Transfer Services under MiCA

The European regulatory landscape for crypto-assets continues to evolve. In this post, we would like to outline the guidelines issued by the European Securities and Markets Authority (ESMA) on procedures and policies for transfer services for crypto-assets under the Markets in Crypto Assets Regulation (MiCA), published on 26 February.Developed in cooperation with the European Banking Authority (EBA), these guidelines are based on Article 82(2) of MiCA. Their primary purpose is to foster consiste

Changes in the Polish Draft Act implementing MiCA and further legislative stages

A revised version of the Draft Act on the Crypto-Assets Market (Draft Act), implementing the Markets in Crypto-Assets Regulation (MiCA) into Polish law, was published last week on the portal of the Government Legislation Center. The Draft Act was then forwarded to the Standing Committee of the Council of Ministers, indicating the final stage of the government's internal legislative process. What changes does the new version of the Draft Act present?Transition Period StructureThe amended Draft Ac

Navigating MiCA: ESMA clarifies stance on non-compliant ARTs & EMTs

ESMA published a statement on 17 January 2025 outlining key guidance for Crypto-Asset Service Providers (CASPs) operating in the EU concerning Asset-Referenced Tokens (ARTs) and Electronic Money Tokens (EMTs) that do not comply with the Markets in Crypto-Assets Regulation (MiCA).Key takeaways for CASPs:• MiCA Compliance: Issuing, offering, and seeking admission to trading of ARTs and EMTs are regulated activities under MiCA Titles III and IV, applicable since 30 June 2024.• Action Required: Draw

tau.legal is heading to TOKEN2049 Dubai!

📅 30 April – 1 May, 2025 We are excited that our General Partner and founder of our law firm, attorney-at-law Jaroslaw Nowacki will be attending TOKEN2049 Dubai, one of the world's most significant events in the blockchain and cryptocurrency space. You are cordially invited to the networking areas at the event to meet Jaroslaw in person and discuss upcoming crypto projects together.

ESMA’s Guidelines on the criteria for the assessment of knowledge and competence

The European Securities and Markets Authority (ESMA) has released a Consultation Paper outlining draft guidelines on the criteria for the assessment of knowledge and competence for staff providing information or advice on crypto-assets or crypto-asset services under the Markets in Crypto Assets Regulation (hereinafter: ‘Guidelines’). This consultation paper was published on 17 February 2025. The Guidelines aim to establish consistent, efficient, and effective supervisory practices within the Eur