President Halts Controversial Crypto Legislation
Poland’s political landscape erupted this week as President Karol Nawrocki vetoed the nation’s sweeping Crypto-Asset Market Act, blocking one of Europe’s most aggressive attempts to regulate digital assets.
Prezydent RP @NawrockiKn odmówił podpisania ustawy o rynku kryptoaktywów.
— Kancelaria Prezydenta RP (@prezydentpl) December 1, 2025
‼️ Zdaniem Prezydenta, zawetowane przepisy realnie zagrażają wolnościom Polaków, ich majątkowi i stabilności państwa. https://t.co/ZBXaZg5uQI pic.twitter.com/27n7gpAayF
Prezydent RP @NawrockiKn odmówił podpisania ustawy o rynku kryptoaktywów.
— Kancelaria Prezydenta RP (@prezydentpl) December 1, 2025
‼️ Zdaniem Prezydenta, zawetowane przepisy realnie zagrażają wolnościom Polaków, ich majątkowi i stabilności państwa. https://t.co/ZBXaZg5uQI pic.twitter.com/27n7gpAayF
President Says Bill Violates Civil and Economic Freedom
In his statement, Nawrocki criticized the bill’s website-blocking powers, calling them dangerous tools that could be abused and used to silence legitimate businesses. He warned that “domain blocking laws are opaque and prone to misuse” arguing that such measures would push startups abroad instead of strengthening Poland’s tech sector. The president also emphasized that the bill’s sheer size and complexity risked creating a maze of unclear rules that would choke innovation rather than protect consumers.
Industry Cheers, Government Furious
Crypto advocates celebrated the veto as a rare political win, praising Nawrocki for rejecting what they saw as regulatory overreach. But the response inside the government was explosive. Finance Minister Andrzej Domański accused the president of having “chosen chaos”, claiming that abuses in the crypto market would worsen without the bill. Deputy Prime Minister Radosław Sikorski echoed the warning, saying Poles could “lose their savings” when the next market downturn hits.
Critics Say MiCA Already Covers What Poland Needs
Economists and pro-crypto figures pushed back on fears of disaster. Polish academic Krzysztof Piech argued that the veto doesn’t end consumer protections-because MiCA, the EU-wide crypto framework, will begin shielding investors across Europe in July 2026. Critics noted that the blocked bill duplicated European rules, but with harsher restrictions and excessive supervisory fees that would discourage local innovation and favor banks over startups.
Debate Continues Over Poland’s Crypto Future
While Poland avoids the strictest crypto regime in Europe for now, the fight is far from over. Lawmakers must decide whether to revise the bill or attempt an override, while businesses wait for clarity. Nawrocki insists that better, simpler, pro-innovation regulation is possible. Opponents insist that failure to act now will leave consumers vulnerable.
