Polish court orders bank to restore crypto firm's account or pay 10,000 zloty a day
- —The court gave the bank three working days to restore online, mobile and phone access to the account
- —The daily penalty is 10,000 zloty, versus the 500–1,000 zloty typically seen in such cases
- —The bank restored core account functions but not the full scope of services required by the order
- —A month of delay would cost 300,000 zloty; the bank has already filed an appeal
Why it matters: The precedent could make banks more cautious about terminating accounts held by crypto firms, especially after the MiCA transition period.
Source: Bithub