MiCA in Poland: rules, supervision and CASP licenses

The KNF is Poland's competent authority for MiCA. The EU regulation applies directly since 30 December 2024, but the national implementing framework — the act that operationalises licensing and supervision in Poland — has progressed more slowly than in several other member states, so the practical authorisation route has been in flux.

Two things remain true regardless: the EU regulation itself applies, and the transitional window for pre-existing registrants ends no later than 1 July 2026. For current procedural status, the KNF's own communications are the source to check.

Check ESMA's EU-wide register of authorised CASPs — it covers every member state's authorisations, including passported providers serving Poland — alongside the KNF's registers (knf.gov.pl).

Poland's older VASP register existed under AML law and confirmed registration only; it was never a fitness stamp for custody or conduct. Under MiCA, the authorisation is the meaningful credential.

Authorised providers must segregate client assets, meet capital requirements, disclose fees before trades and run formal complaints procedures — backed by a supervisor with enforcement powers.

EU passporting also works in both directions: Polish users can legally use CASPs authorised elsewhere in the EU, and the ESMA register is where any such claim gets verified.