According to Odaily Planet Daily, the lower house of the Polish parliament has passed the new "Crypto-Asset Markets Act" with 230 votes in favor and 196 against. The bill requires all crypto-asset service providers (CASPs) to apply for a license from the Polish Financial Supervision Authority (KNF). Violators face fines of up to 10 million złoty (approximately $2.8 million) and up to two years in prison. The bill will be implemented with a six-month transition period. Critics have called the bill "the strictest cryptocurrency regulation in the EU," sparking strong industry opposition, who believe it could harm the interests of Poland's three million cryptocurrency holders. The bill is now before the Senate for deliberation. ( Cointelegraph )