365Crypto
A Surprise Veto Shakes Poland
Poland’s President Karol Nawrocki shocked the country after refusing to sign a strict crypto bill. His veto sparked cheers from the crypto community and outrage from parts of the government. He said the law threatened “the freedoms of Poles” and warned it could damage both property rights and state stability.
Why the Bill Was Rejected
A major red flag was a rule allowing authorities to block crypto-related websites with little oversight. The president’s office said these rules lacked transparency and could be abused. Officials also complained the bill was too long, too complex, and far heavier than rules in nearby countries like Slovakia and Hungary.
“Overregulation Drives Business Away”
Nawrocki said the bill would push startups out of Poland. High supervisory fees, he added, would tilt the playing field toward foreign banks instead of local companies. He argued the law would crush competition and stall innovation in a fast-moving crypto market.
Officials Fire Back
Government leaders accused the president of “choosing chaos.” Finance Minister Andrzej Domański claimed the veto exposes users to scams, while Foreign Minister Radosław Sikorski warned Poles would “know who to thank” if a market crash wipes out savings. Crypto advocates rejected the criticism, noting that the EU’s MiCA rules will soon offer unified protections across the bloc.
Footing: MiCA = Markets in Crypto-Assets Regulation, the EU’s framework for digital asset oversight.
