Poland to revisit cryptocurrency bill

A draft law on crypto regulation has been reintroduced to the Polish Sejm after its previous version was rejected by President Karol Nawrocki. The bill's reinstatement was initiated by the Poland 2050 party, part of the ruling coalition. Despite the authors calling the new version "improved," government spokesman Adam Szlapka stated that "not a single comma has been changed" in the text.

Main Objectives of the Bill

The bill essentially duplicates the previous proposal and aims to empower the Financial Supervision Authority (KNF) as the primary regulator of the country's cryptoasset market. This should ensure clearer rules and standards for crypto market participants.

Criticism and Arguments of the Parties

Polish politician Tomasz Mentzen criticized the initiative, calling it an example of overregulation. He compared the document to more laconic laws in other EU countries, such as Hungary or Romania. On Twitter, he expressed dissatisfaction with the government's repeated adoption of the same bill, adding that this demonstrates insufficient attention to the opinions of experts and critics.

>>>> "The government has adopted the same crypto-asset bill again," Mentzen wrote. <<<<

He also ridiculed Prime Minister Tusk's claims that the president's previous veto was due to the influence of the "Russian mafia."

Government Expectations

The government hopes that President Nawrocki will not block the bill this time. According to Adam Szlapka, after a secret briefing in parliament, the president received a "full picture" of the document's impact on national security.

Expert Opinion

Economist Krzysztof Piech questioned the need for a separate local law, given the imminent entry into force of the MiCA (Markets in Cryptocurrency Regulation), which will ensure user protection throughout the European Union.

>>>> "It's not the president's fault that so many people are losing money, but that fraudsters aren't being prosecuted, and this bill was unnecessary. From July 1, 2026, everyone in the EU will be protected by the MiCA regulation—Poles included," Piech noted. <<<<

In Conclusion

Thus, the reconsideration of the cryptocurrency bill in Poland is generating considerable controversy and criticism. While the government seeks to establish clear rules for the crypto market, experts and politicians are expressing doubts about the need for such regulation, especially in light of upcoming changes at the EU level.