PANews, February 28 — According to Bloomberg, Polish online broker XTB said that the political deadlock surrounding the European Union’s Markets in Crypto-Assets Regulation (MiCA) is hindering its crypto business expansion. XTB plans to launch crypto trading in Poland but has postponed it due to the country’s failure to align its regulations with MiCA. Polish President Karol Nawrocki has vetoed the relevant legislation twice, and financial regulators warn that if domestic institutions do not obtain licenses from other EU countries by July 1, they may lose the qualification to offer crypto asset services. XTB is considering applying for a crypto license in Cyprus as an alternative, but says this move would weaken its ability to attract customers and market in Poland.
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