Poland’s President Karol Nawrocki has vetoed the country’s proposed Crypto-Asset Market Act, stopping a legislative package that aimed to introduce strict oversight of digital-asset businesses. The decision immediately raised mixed reactions across political circles and the crypto community.
In a statement released by the Presidential Press Office, Nawrocki said the bill’s provisions “genuinely threaten the freedoms of Poles, their property, and the stability of the state.”
A major point of concern is a clause granting authorities the ability to block websites linked to crypto businesses. According to the President, such a measure “could lead to abuse” due to the lack of clear safeguards and transparency around domain blocking.
Excessive Regulatory Burden and Risk of Pushing Companies Abroad
Nawrocki also criticized the bill’s complexity and volume, arguing that the regulatory burden would be excessive. He stated: “Overregulation is an easy way to push companies toward the Czech Republic, Lithuania, or Malta instead of creating conditions for them to operate and pay taxes in Poland.”
High Fees Could Harm Startups and Undermine Competition
Another issue raised by the President involves the high supervisory fees proposed in the act. He warned that these charges could stifle startup activity and give an unfair advantage to foreign banks and corporations. Nawrocki described the approach as: “A distortion of logic, the destruction of a competitive market, and a serious threat to innovation.”
The Polish Sejm approved the bill in late September, though representatives of the digital-asset industry criticized it immediately. At the time, politician Tomasz Mentzen publicly urged the President to veto the legislation.
Opposition Warns of Investor Risks
However, not all government members supported Nawrocki’s decision. Several officials, including Deputy Prime Minister Radislav Sikorsky, argued that rejecting the bill leaves retail investors exposed to unnecessary risks.
Sikorsky commented:
“When the bubble bursts and thousands of Poles lose their savings, at least they will know who to thank.”
The debate unfolds as the European Union prepares for full implementation of MiCA — its unified regulatory framework for digital assets — which will take effect across all EU member states on July 1, 2026.