Poland’s President Vetoes Crypto Bill, Sparking Major Political Clash

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Poland is facing a heated political clash after President Karol Nawrocki refused to approve a major crypto regulation bill, triggering celebrations in the digital asset community and sharp criticism within the government. The announcement, made Monday, quickly became one of the year’s most divisive policy moments.

President Calls Bill a “Dangerous Overreach”

The rejected proposal, known as the Crypto-Asset Market Act, aimed to introduce some of the toughest crypto rules in the region. But Nawrocki said the legislation went too far, warning it could threaten personal freedoms and destabilize Poland’s financial system. His office described the bill as “a real threat to civic rights, property autonomy, and institutional balance.”

One of the biggest concerns was a clause that allowed authorities to quickly block websites linked to digital asset services. The president’s team criticized the provision as vague, easily misused, and open to arbitrary censorship.

Nawrocki also pointed to the bill’s overwhelming complexity. At several hundred pages, critics said it was far more complicated than the rules in nearby countries such as Slovakia, Hungary, and the Czech Republic. He warned that such heavy-handed regulation would push Polish crypto innovators to friendlier markets like Lithuania or Malta.

Innovation vs. Restriction

The president further objected to what he called “punitive” supervisory fees, arguing they would harm Polish crypto startups and give foreign banks and large corporations an unfair advantage. He insisted the law could undermine Poland’s tech competitiveness at a critical moment for the industry.

Crypto industry leaders welcomed the veto, saying Nawrocki stopped rules that could have slowed the domestic market and stifled innovation.

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Government Fires Back: “This Is Chaos”

The decision sparked an immediate backlash. Finance Minister Andrzej Domański accused the president of choosing “chaos over accountability,” arguing that weak oversight already leaves many Poles vulnerable to fraud. He warned that Nawrocki must “bear the consequences” of blocking stronger protections.

Deputy Prime Minister Radosław Sikorski added that the bill was designed to safeguard citizens. If market turmoil occurs, he said, “Poles will know exactly where to point the finger.”

Peter Boris also criticized the veto, noting that Poland is now the only EU country without proper protections against crypto fraud. He compared the situation to the past SKOKi scandal and stressed that the bill would have placed the crypto sector under the supervision of Poland’s financial regulator, oversight now missing.

Meanwhile, economists noted that the EU’s Markets in Crypto-Assets Regulation (MiCA) will introduce bloc-wide investor safeguards by mid-2026, which they believe should ease regulatory pressure on Poland for now.

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FAQs

What was Poland’s crypto bill and why was it rejected?

Poland’s president vetoed the Crypto-Asset Market Act, calling it an overreach that threatened personal freedoms and could drive innovation abroad due to its complexity and harsh fees.

How does Poland’s crypto veto affect investors and users?

For now, Poland’s crypto market remains under its existing, less strict rules. Users lack new fraud protections, but EU-wide regulations (MiCA) are set to provide safeguards by 2026.

Is crypto legal in Poland after the veto?

Yes, crypto remains legal. The veto only stopped a new, stricter regulatory bill. The current legal framework continues to apply until new legislation is passed or EU rules take effect.

What’s next for crypto regulation in Poland?

The government may revise the rejected bill. However, significant EU regulations (MiCA) will apply in 2026, which may reduce pressure for a standalone Polish law in the interim.