BTCS CSO Wojciech Kaszycki said Poland’s investigation of Zondacrypto highlights why the country must have proper cryptocurrency regulation. Without it, Poland risks falling behind in the modern economy.

Polish prosecutors allege there may be 350 million złoty (€82.5 million) in possible losses through misleading clients. Zondacrypto executive Przemysław Kral fled to Israel.

Kaszycki operated amid major Fintech trends, starting with the founding of an e-commerce firm in the 1990s. In the early 2000s, he designed treasury software systems.

When he was first introduced to cryptocurrency, Kaszycki didn’t think it would work and deemed it just another asset class. His opinion changed after digging into the supporting…