Kanga Exchange: "The crypto industry's appeal is not disinformation, but a voice for the competitiveness of the Polish economy"

In response to the statements of the Deputy Minister of Finance, Jurand Drop, who stated during the Future Finance Summit in Warsaw that Act on the cryptocurrency market "We see disinformation intended to persuade the president to veto", representatives of the crypto-asset industry emphasize that their activities are substantive and pro-state in nature.

Industry: This is not an objection to MiCA, but to "overregulation" in the Polish version

The appeal to veto the bill, signed by industry leaders—including Kanga Exchange, Next Block Expo, and the Blockchain and New Technologies Chamber of Commerce—was not aimed at the idea of ​​the regulation itself, but at the way Poland is implementing EU MiCA regulations. According to experts, the excessive administrative burdens and sanctions introduced in the national law could hinder the development of domestic businesses and lead to their marginalization in the European market.

- With full respect for the legislative process and the work of the Ministry of Finance, we would like to emphasize that our appeal had nothing to do with disinformation or an attempt to block the implementation of MiCA - says Sławek Zawadzki, Co-CEO of Kanga Exchange. - The goal of the cryptocurrency community in Poland is to create legal conditions that will allow domestic companies to operate in accordance with European regulations, on equal terms with foreign entities.

As Zawadzki emphasizes, the very need for implementation Mica is not questioned by the industry. However, the problem is the so-called gold-plating – i.e. introducing provisions into national law that go beyond the framework of the EU regulation.

- In its current form, the law means that companies with Polish capital will have to meet significantly more stringent requirements than their competitors from other EU countries. As a result, foreign entities will be able to offer their services in Poland without incurring real costs and business risks. – adds Zawadzki.

Kanga Exchange emphasizes that the industry's appeal is an expression of concern for the Polish digital economy and the country's competitiveness in the financial technology sector.

- Our common goal is a stable, safe and transparent regulatory environment – says Zawadzki. – We believe that cooperation between public institutions and the industry will allow us to achieve solutions that will be beneficial to both the state and its citizens.