Polish President vetoes Crypto Asset Markets Law, citing threats to civil liberties.
TL;DR
Polish President Karol Nawrocki vetoed a crypto regulation bill, citing threats to civil liberties and excessive control, while critics warn it leaves consumers at risk.
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Odaily Odaily that Polish President Karol Nawrocki has vetoed a proposed Crypto-Asset Market Act aimed at introducing stricter regulations for the country's crypto industry. The president's office confirmed in a statement on Monday that he would not sign the bill.
President Karol Nawrocki rejected the bill, arguing that it "genuinely threatens the freedom, property, and stability of the Polish people" and that its length (over 100 pages) far exceeds the requirements of the EU's MiCA (Military Access Control Agreement). His biggest objection was a clause granting authorities the power to block encryption-related websites.
Polish Finance Minister Andrzej Domański posted on the X platform that the president's choice would expose consumers to risks, calling Karol Nawrocki's decision "chaos." Deputy Prime Minister and Foreign Minister Radosław Sikorski also believed the bill was necessary to curb fraud. Industry figures welcomed the rejection, arguing that consumer protection should not come at the cost of excessive control.