Poland Plans New Crypto Regulation Bill Amid Zondacrypto Allegations
- New Bill Proposal: Polish Prime Minister Donald Tusk is preparing to submit a new crypto-assets bill following renewed fraud and money laundering allegations against Zondacrypto, aiming to enhance regulation of digital asset platforms to protect investors and ensure national security.
- Stricter Penalties: Tusk indicated that the new bill would primarily introduce tougher penalties for those exploiting investors' hopes and trust, signaling a more stringent enforcement approach, although the specifics will be determined by the final draft.
- Investigation Developments: Since April 17, Polish authorities have been investigating Zondacrypto for potential fraud and money laundering, with preliminary estimates of investor losses reaching at least 350 million złoty (approximately $97 million), while Zondacrypto denies all allegations and claims financial stability.
- Regulatory Lag: Poland's delay in implementing MiCA has left it behind other EU states, as President Nawrocki vetoed previous crypto legislation; although he is not opposed to crypto regulation, he seeks a different regulatory model, placing Poland at a disadvantage in the crypto market.
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Technical Analysis for U
Technical Sentiment Analysis for Union (U). As of , Union (U) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 4 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for U stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, U is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Union (U) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.999 | 0.999 | 1 | 1 | 1 | 1.001 | 1.001 |
| Fibonacci | 0.999 | 1 | 1 | 1 | 1 | 1 | 1.001 |
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