Poland’s lower house has passed a bill that would expand the country’s sanctions framework and explicitly include crypto assets among the funds that authorities can freeze when imposing sanctions.
The Sejm passed the government-backed law on restrictive measures on Friday with 240 votes in favor, 202 against and one abstention, and forwarded it to the Senate on Monday. after to official parliamentary records. The bill expressly contains Crypto assets as defined by the European Union’s Markets in Crypto-Assets Regulation (MiCA) are among the financial assets that authorities could freeze when imposing sanctions.
The Polish Interior Minister would oversee the national sanctions list, with decisions on the sanctions list coming into effect the day after the authorities publish a designation. Affected individuals and companies could challenge the decision in an administrative court, but the bill provides for enforcement before a court ruling.
Poland already maintains a national sanctions list under a 2022 law aimed at countering support for Russia’s invasion of Ukraine. The bill would expand the grounds for imposing national sanctions to include certain foreign interference and information manipulation that pose a serious threat to national security.
The Senate has 30 days to approve, amend or reject the legislation. If no action is taken, the Constitution of Poland applies Treats The bill is approved in the form adopted by the Sejm so that it can be submitted to the President for consideration.
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