What the bill does
The bill transposes key elements of MiCA into Polish law, covering crypto-asset service providers, stablecoins, and investor safeguards. It aims to create a single licensing regime so firms operating in Poland can passport services across the EU. The vote in the Sejm, the lower house, passed with a comfortable majority after months of debate.
" Translation: "Apa yang dilakukan oleh RUU ini
RUU ini menterjemahkan elemen utama MiCA ke dalam undang-undang Poland, merangkumi penyedia perkhidmatan aset kripto, stablecoin, dan perlindungan pelabur. Ia bertujuan untuk mewujudkan rejim pelesenan tunggal supaya firma yang beroperasi di Poland boleh mempassportkan perkhidmatan merentas EU. Undian di Sejm, dewan rendah, diluluskan dengan majoriti selesa selepas berbulan-bulan perbahasan.
" Note: "transposes" -> "menterjemahkan" (or "memindahkan"? In legal context, "menterjemahkan" is fine. "crypto-asset service providers" -> "penyedia perkhidmatan aset kripto". "stablecoins" -> "stablecoin" (commonly used as is). "investor safeguards" -> "perlindungan pelabur". "single licensing regime" -> "rejim pelesenan tunggal". "passport services" -> "mempassportkan perkhidmatan" (using English term is acceptable). "comfortable majority" -> "majoriti selesa". Third paragraph: "The veto question
President Andrzej Duda has yet to take a public position on the final text, but his office has previously raised concerns about the scope of regulatory oversight and the speed of implementation. If Duda vetoes the bill, the Sejm would need a three-fifths supermajority to override him — a threshold the ruling coalition does not currently command. The bill has also stirred disagreement among regulators over which body will supervise certain provisions, adding another layer of uncertainty.
" Translation: "Persoalan veto
Presiden Andrzej Duda masih belum mengambil pendirian umum mengenai teks akhir, tetapi pejabatnya sebelum ini telah menyuarakan kebimbangan mengenai skop pengawasan kawal selia dan kepantasan pelaksanaan. Jika Duda memveto RUU ini, Sejm memerlukan supermajoriti tiga perlima untuk mengatasinya — ambang yang tidak dikuasai oleh gabungan pemerintah pada masa ini. RUU ini juga telah menimbulkan perselisihan di kalangan pengawal selia mengenai badan mana yang akan menyelia peruntukan tertentu, menambah satu lagi lapisan ketidakpastian.
" Note: "public position" -> "pendirian umum". "scope of regulatory oversight" -> "skop pengawasan kawal selia". "speed of implementation" -> "kepantasan pelaksanaan". "three-fifths supermajority" -> "supermajoriti tiga perlima". "override" -> "mengatasi"? Actually "override a veto" is "mengatasi veto". "threshold" -> "ambang". "ruling coalition" -> "gabungan pemerintah". "stirred disagreement" -> "menimbulkan perselisihan". "which body will supervise certain provisions" -> "badan mana yang akan menyelia peruntukan tertentu". "adding another layer of uncertainty" -> "menambah satu lagi lapisan ketidakpastian". Fourth paragraph: "Next stop: the Senate and the president
The bill now moves to the Senate, the upper chamber, where it could face amendments. If the Senate makes changes, the bill returns to the Sejm. Once a final version clears both chambers, it lands on the president's desk. He then has 21 days to sign or veto. Industry observers are watching closely: a veto would send the bill back to parliament, and the clock would restart.
The Senate is expected to take up the legislation in the coming weeks. If it passes there, all eyes turn to the presidential palace, where a veto would force a supermajority vote in the Sejm — a political test the government may not be ready to face.
" Translation: "Perhentian seterusnya: Senat dan presiden
RUU ini kini bergerak ke Senat, dewan atasan, di mana ia mungkin berdepan pindaan. Jika Senat membuat perubahan, RUU akan kembali ke Sejm. Sebaik sahaja versi akhir diluluskan oleh kedua-dua dewan, ia akan tiba di meja presiden. Beliau kemudiannya mempunyai 21 hari untuk menandatangani atau memveto. Pemerhati industri memerhati dengan teliti: veto akan menghantar RUU kembali ke parlimen, dan masa akan bermula semula.
Senat dijangka mengambil perundangan ini dalam beberapa minggu akan datang. Jika ia diluluskan di sana, semua mata akan tertumpu ke istana presiden, di mana veto akan memaksa undian supermajoriti di Sejm — ujian politik yang mungkin belum bersedia dihadapi oleh kerajaan.
" Note: "upper chamber" -> "dewan atasan". "face amendments" -> "berdepan pindaan". "clears both chambers" -> "diluluskan oleh kedua-dua dewan". "lands on the president's desk" -> "tiba di meja presiden". "sign or veto" -> "menandatangani atau memveto". "Industry observers" -> "Pemerhati industri". "watching closely" -> "memerhati dengan teliti". "the clock would restart" -> "masa akan bermula semula". "take up the legislation" -> "mengambil perundangan ini". "all eyes turn to" -> "semua mata akan tertumpu ke". "presidential palace" -> "istana presiden". "force a supermajority vote" -> "memaksa undian supermajoriti". "political test" -> "ujian politik". "may not be ready to face" -> "mungkin belum bersedia dihadapi". Meta description: "Poland's lower house approved a crypto regulation bill
