🇬🇧 MiCA in Poland: a transitional state and lack of clear oversight. The Polish Financial Supervision Authority (KNF) confirms: Poland has not yet formally designated a supervisory authority for the crypto-asset market under MiCA. The draft law designates the Polish Financial Supervision Authority as the competent authority, but the regulations have not yet entered into force. What does this mean in practice? • No official supervision of ART, other crypto-assets, and CASP • The KNF remains exclusively competent for EMT issuers • Entities seeking to operate under the MiCA regime face regulatory uncertainty • The KNF is conducting working consultations with ESMA, EBA, and other EU regulators, despite the lack of a formal nomination Conclusion: Until the law enters into force, MiCA in Poland operates only partially, and the market is awaiting clear rules of the game.