Poland's President Karol Nawrocki vetoed the stringent Crypto-Asset Market Act in December 2025, following legislative approval despite concerns about restricting blockchain innovation in the country.
The veto could reshape Poland's legal landscape for digital assets, impacting millions and potentially influencing EU crypto policies if a more balanced approach aligns with innovation goals.
Poland's President Karol Nawrocki has vetoed a proposed crypto law following its passage through the Polish Parliament's lower house. The veto opposes what Nawrocki calls "tyrannical regulations" that could restrict innovation within Poland's digital asset sector. As President Nawrocki stated, "As President of the Republic of Poland, I will be the guarantor that tyrannical regulations restricting your freedom do not come into effect" regarding crypto legislation.
Prominent blockchain advocate Tomasz Mentzen criticized the bill’s strict licensing demands. Meanwhile, Janusz Kowalski, an opposition lawmaker, described it as the strictest crypto law in the EU, advocating alignment with the EU’s MiCA framework.
Crypto Veto Shields 3 Million Polish Users
Nawrocki's veto is seen as protecting Poland’s crypto market from potential harm. The regulatory crackdown might have threatened up to three million crypto users in Poland, as reported by industry observers familiar with market conditions.
The veto invokes hopes of creating a more balanced law. Financial observers anticipate that Polish exchanges, especially those handling Bitcoin and Ethereum, might benefit from regulatory relief now, amid rising market uncertainty.
Lessons From Abroad: Korea and Turkey's Crypto Laws
Globally, similar strict crypto laws in Korea and Turkey caused market uncertainty and project relocations. Poland’s current situation resonates with these, marked by executive power challenging restrictive legislature.
Experts from Warsaw’s Dudkowiak & Putyra law firm suggest alternative frameworks aligning with the EU’s MiCA could emerge. Historically, such adjustments help foster innovation, proving beneficial based on available data.
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