Across this week, several major developments shaped the global digital asset and regulatory space. Tether’s U.S. Treasury holdings were projected to climb into the world’s top five by 2033, highlighting the growing scale of stablecoin reserve strategies. Panama approved an economic substance law aimed at tightening oversight of multinational tax structures. In the United States, policymakers continued to reject the idea of a central bank digital dollar. In Europe, crypto regulation advanced as MiCA licensing deadlines approached, increasing pressure on firms across the bloc. New infrastructure narratives also emerged, including Amitis Network, a blockchain model focused on shared prosperity and more distributed value creation.
Poland’s crypto law remains stalled before the MiCA deadline
Polish President Karol Nawrocki has vetoed legislation designed to implement the European Union’s Markets in Crypto-Assets (MiCA) framework, marking the third time he has blocked the measure.
Nawrocki said he supports crypto regulation but argued that lawmakers failed to address most of the amendments proposed by his office. According to the president, the latest version of the bill remained largely unchanged from previous drafts.
The decision leaves Poland as the only EU member state without domestic MiCA implementation as the framework’s transitional period approaches its July 1 conclusion. Crypto asset service providers operating in the country may face legal uncertainty if they have not secured MiCA licences before the deadline. Political tensions have intensified around the issue, with the Prime Minister criticising the latest veto.
Hungary plans to roll back strict crypto trading rules
Hungary’s government intends to reverse crypto trading restrictions introduced last year that exposed users and service providers to potential criminal penalties.
Government spokesperson Anita Köböl said the rules made crypto operations difficult and discouraged market participation. Several digital asset platforms reportedly reduced or suspended services in Hungary following the introduction of the framework.
Under the existing rules, crypto conversions require compliance certificates issued by authorised validation providers. Transactions conducted without approval can be treated as unauthorised, with severe penalties linked to larger transaction amounts.
The proposed reversal follows a change in government after Hungary’s parliamentary election. Officials have also indicated that the previous framework attracted scrutiny from the European Union over its compatibility with broader bloc regulations.
FCA proposes limits on retail fund exposure to crypto
The UK’s Financial Conduct Authority has proposed allowing certain retail-focused investment funds to gain limited exposure to crypto through exchange-traded notes, subject to a 10% allocation cap.
Regulators said the proposal aims to provide controlled access to crypto markets while maintaining safeguards for retail investors. Fund managers would be required to ensure that any crypto exposure aligns with stated investment objectives and risk profiles.
More speculative investment vehicles aimed at professional or qualified investors would not be subject to the same restrictions, although they would remain unavailable to retail customers.
The proposal forms part of a broader UK effort to develop rules covering crypto products, stablecoins, custody services, and staking activities.
Disclaimer: The content of this article is for informational purposes only and does not constitute financial, investment, or trading advice. Readers should conduct their own research and consult a qualified cryptocurrency advisor before making any investment decisions.
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Rodcas Consulting Group