Президент Польши отказывается от контроля: вето на законопроект о криптоактивах President of Poland Refuses Control: Veto on Cryptocurrency Bill

The President of Poland, Karol Nawrocki, has refused to sign the «Crypto Assets Market Law.» He expressed that its provisions «pose a threat to the freedoms of Poles, their property, and the stability of the state.»

Among the primary reasons for his veto, the politician highlighted a clause that permits authorities to block websites related to the crypto market. He believes that such measures «could lead to abuses.»

Nawrocki also criticized the law’s excessive complexity and volume, stating that it could result in «overregulation.»

«Overregulation is an easy way to drive companies to Czechia, Lithuania, or Malta instead of creating favorable conditions for their operations and tax payments in Poland,» the president remarked.

Another point of concern was the high supervisory fees, which could stifle startup activity and give an advantage to foreign corporations and banks.

«This is a distortion of logic, a killer of competitive markets, and a serious threat to innovation,» Nawrocki commented.

The Polish Sejm approved the «Crypto Assets Market Law» at the end of September. Supporters of the digital assets industry criticized the legislation. Politician Tomasz Mentzen had previously urged the president to veto the bill.

Polish officials were dissatisfied with Nawrocki’s decision, including Finance Minister Andrzej Domański and Deputy Prime Minister Radek Sikorski.

Domański emphasized that currently, around 20% of users are losing money due to abuses in the crypto market. According to him, rather than regulating, the president «chose chaos.»

«When the bubble bursts and thousands of Poles lose their savings, at least they will know who to thank,» Sikorski also noted.

Economist and digital asset advocate Krzysztof Piech pointed out that the bill «would not change anything.» Starting July 1, 2026, the MiCA regulation will establish investor protections across all EU member states, he added.

It’s worth noting that in September, the Ukrainian Verkhovna Rada approved in its first reading bill No. 10225-d «On Virtual Assets Markets,» which will define the status and taxation of cryptocurrencies in the country.

In November, the Czech National Bank created a test crypto portfolio consisting of bitcoin, stablecoins, and tokenized deposits valued at $1 million.