Cryptocurrencies have once again become a topic of political storm in Poland, but instead of facts, emotions and slogans dominate. In the latest material on YouTube, Kamil Gancarz points out the regulatory chaos, lack of knowledge among decision-makers, and the real risk of businesses fleeing abroad. This is an important conversation, especially for beginners, as it clarifies what the current 'crypto-scandal' really is.
The digital asset market in Poland is at a crucial moment that could determine its future for years.
The political storm around cryptocurrencies
Kamil Gancarz emphasizes from the beginning of the conversation that the current debate has little to do with substance. In his opinion, politicians on both sides use cryptocurrencies as a convenient scarecrow. There are slogans about the "Russian mafia", money laundering, and the alleged crash after the presidential veto. At the same time, no one analyzes the real provisions of the draft law.
Gancarz points out that the media narrative completely diverges from market facts. Cryptocurrencies did not record any -50% drop after the president's decision. The market reacts to Fed decisions, macro data, and global liquidity, not local political scuffles. He considers attributing declines or increases to a single vote as manipulation.
According to him, the problem is not the lack of regulations, but their quality. MiCA applies throughout the Union from 2024 and already introduces some of the strictest rules in the world. Poland has not prepared a sensible implementation law for a year. As a result, the market operates in legal limbo, which hits entrepreneurs and investors.
Why does the law push crypto-business abroad?
In the next fragment of the conversation, Gancarz explains why he considers the draft law to be extremely harmful. In his opinion, the document treats small startups the same as global corporations. This kills competition and favors foreign oligopolies. Local companies simply cannot afford to operate in Poland.
Entrepreneurs are already choosing other jurisdictions today. The most common choices are the Czech Republic, Lithuania, Malta, and Estonia. There, the implementation of MiCA takes a few pages, and the licensing process is proportional. Companies can operate throughout the EU thanks to service passporting. Poland then loses taxes, jobs, and know-how.
Gancarz emphasizes that the law does not increase user safety. Financial crimes are the domain of special services and the police. The KNF will not suddenly become a cyber police force just because it gets new powers. In practice, the regulation creates enormous administrative power without real accountability.
"The whole affair is populism and ignorance - the law in this form pushes Polish crypto-business abroad, does not protect against anything, and politicians play on fear; a simple implementation of MiCA + 0 is needed because Poland deserves a competitive market, not to be a regulatory colony."
This voice well captures the tone of the entire conversation and the frustration of the industry.
Cryptocurrencies and real numbers and facts
Gancarz reminds that cryptocurrencies are not a niche hobby of a handful of speculators. About 3 million Poles own digital assets. That’s nearly 10% of the working population. The scale of the market is larger than the number of brokerage accounts in Poland. Ignoring this fact, he considers a strategic mistake of the state.
The conversation also raises specific questions that beginners often ask. Are cryptocurrencies riskier than traditional investments? Gancarz responds that risk exists everywhere. Amber Gold, GetBack, or banking scandals have swallowed billions despite full regulations. The law does not protect against bad investment decisions.
So why do cryptocurrencies provoke such fear among politicians? In his opinion, it’s about controlling the flow of money. Behind the scenes, projects on CBDCs, limiting cash, and increasing financial surveillance are emerging. Crypto makes full control difficult, which is why it becomes a convenient target. This narrative sells well in the media.
In short, Gancarz points out three key facts:
MiCA is already in effect and does not require overregulation.
Business will still leave if the conditions are uncompetitive.
The state will gain more from simple principles than from scaring citizens.
This approach shows that cryptocurrencies can be regulated reasonably, without ideology.
What’s next for the market in Poland?
In the end, Gancarz emphasizes that time is working against Poland. From July or August 2026, Polish entities without a license will not be able to operate. If the law is not created quickly, the market will formally disappear from the country. Services will remain, but the money will flow elsewhere.
The solution, according to him, is simple. It is necessary to implement 'MiCA + 0', or possibly create a specialized unit with market experts. The state should operate like a service company. If it wants taxes, it must offer a reasonable legal infrastructure. Otherwise, entrepreneurs will choose a better offer.
The entire conversation has one common denominator. Cryptocurrencies will not disappear, regardless of the political narrative. The question is whether Poland wants to be part of this market or just its passive client. Decisions will be made faster than many think.
To familiarize yourself with the latest analysis of the cryptocurrency market from BeInCrypto, click here.