Poland has been thrust into a political clash after President Karol Nawrocki vetoed a sweeping legislative package that aimed to introduce some of the strictest crypto regulations in Europe. He argues that the veto protects citizens’ freedoms, their property, and room for innovation. The government counters that he “chose chaos” and endangered consumers.

President: the law threatened freedoms and innovation

Nawrocki vetoed the Digital Asset Market Act, saying its provisions “pose a real threat to the freedoms of Poles, their property, and the stability of the state,” according to the presidential office. Introduced in June, the proposal would have set strict oversight mechanisms and high supervisory fees that, he says, disadvantage startups and favor large foreign players.

One of the most controversial elements was the ability to block domains operated by crypto-related entities. The presidential office described this as an opaque tool with a high risk of abuse. “Domain blocking laws lack transparency and can be misused,” the statement said.

The proposal’s extraordinary length and complexity drew further criticism. Nawrocki warned that overregulation could push companies to relocate to neighboring countries: “It’s a straightforward way to make firms leave for the Czech Republic, Lithuania, or Malta instead of paying taxes here.”

Crypto community cheers government fumes

The veto quickly won support from crypto enthusiasts and politicians skeptical of overregulation, including prominent figure Tomasz Mentzen, who had predicted the president’s move while the bill was still in parliament.

Government officials reacted sharply. Finance Minister Andrzej Domański called the decision irresponsible: “Twenty percent of clients already lose money to fraud. The president chose chaos and must bear responsibility,” he wrote on X.

Deputy Prime Minister and Foreign Minister Radosław Sikorski echoed the criticism, arguing the bill was meant to protect citizens from a market collapse: “When the bubble bursts and thousands lose their savings, they’ll know whom to thank.”

Experts urge calm MiCA is coming

Economist Krzysztof Piech countered that blaming the president is absurd — investor protection is the responsibility of regulators and police, not the head of state. He also noted that the European Union will introduce the unified MiCA regulatory framework on July 1, 2026, providing investor protections and harmonizing rules across the EU.

Sources:

https://x.com/prezydentpl/status/1995564878824964519

https://x.com/Domanski_Andrz/status/1995587137048301925

https://x.com/sikorskiradek/status/1995576103944282605?s=20

https://cointelegraph.com/news/poland-president-veto-crypto-bill-political-clash