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Crypto
Poland crypto law stalled by presidential veto, local industry accelerates move abroad
Poland has failed to pass legislation implementing the EU’s MiCA crypto framework after parliament could not override a presidential veto, leaving it the last EU member without domestic adoption. The dispute centres on a crypto assets market law vetoed twice by President Karol Nawrocki, who cited burdens on small firms. Industry groups criticise the bill as overly expansive and say it gives sweeping powers to the KNF regulator. Some companies are already considering or pursuing moves abroad.
Crypto
Ripple launches RLUSD yield protocol on XRPL to expand stablecoin uses
Ripple has launched its first real-world asset-based yield protocol on the XRP Ledger using the RLUSD stablecoin, The Block reported. The protocol is designed to generate on-chain yield. Developed by ORQO Group, it allows RLUSD holders to deposit tokens into an on-chain vault on XRPL to earn fixed returns backed by private credit, tokenised Treasuries and market-neutral hedging strategies.
Crypto
OKX secures European payment licence to expand stablecoin and crypto cards
OKX has secured a licence to enter Europe’s payments market. It obtained a payment institution licence in Malta, enabling it to provide stablecoin payment services that comply with European Union rules, CoinDesk reported on Feb. 16. The licence lets OKX expand from crypto into payments. Under the EU’s Markets in Crypto-Assets regulation and the second Payment Services Directive, stablecoins are classified as e-money tokens and require PI or EMI approval to offer payment services.
