Now it’s official – President Karol Nawrocki has vetoed the act on the crypto-assets market! The industry can breathe a sigh of relief, because what was supposed to be an implementation of the European MiCA regulation turned out to be, as the president’s spokesman Rafał Leśkiewicz put it, a “legal mess”.
Internet censorship with one click? No way
The main objection to the bill? The ability for the government to disable cryptocurrency companies’ websites with “one click”. Leśkiewicz did not mince his words: “When the government turns off the website, people lose access to their digital means. This is unacceptable.”
While most EU countries use simple warning lists to protect consumers without blocking entire websites, the Polish version included opaque mechanisms that could lead to abuse. This is a violation of citizens’ basic economic and property freedoms.
Over 100 pages of a bureaucratic nightmare. President Karol Nawrocki vetoes the bill
Another problem? Adjustment size. The Czech Republic, Slovakia and Hungary have implemented MiCA on several or a dozen sites. Poland? Over a hundred pages of recipes. Overregulation is a simple way to push companies abroad – to the Czech Republic, Lithuania or Malta. Instead of creating conditions for companies to earn and pay taxes in Poland, the act de facto led to the exodus of the industry.
The third nail in the coffin is the level of supervisory fees, which would prevent the development of small companies and startups, favoring foreign corporations and banks. This is how the competitive market and innovations are killed.
Polish Financial Supervision Authority with new powers – fines up to PLN 10 million
It is worth adding that the act aroused extreme emotions from the very beginning, especially among people actively dealing with digital assets. The apogee of dissatisfaction came when the Sejm signed the act on September 26, 2025.
The involvement of the crypto industry mattered!
The Polish cryptocurrency industry did not sit idly by and saw what was happening with the act on cryptoassets. According to the “all hands on deck” principle, everyone was involved in the fight for a better tomorrow for the cryptocurrency industry – both large companies, industry portals, and the fans of Satoshi Nakamoto’s life’s work. MP Janusz Kowalski from Law and Justice deserves special mention, who commented especially for the readers of Bitcoin.pl on the president’s decision:
The decision of the President of the Republic of Poland, Karol Nawrocki, to veto the most stringent regulation of the Tusk government in the EU regarding cryptoassets opens the way to writing a good law implementing MiCA. Together with MP Michał Moskal, we are ready for cross-political work. You should listen to experts such as prof. Krzysztof Piech or Filip Pawczyński. Over 3 million Poles have cryptocurrencies. I want crypto companies to be established in Poland, for Poland to be a crypto hub, and for Poles’ savings to be kept in Poland. The government act destroyed these dreams. The President of the Republic of Poland kept his word – he defended freedom, common sense and saved the crypto market in Poland. Respect!
Among politicians, Sławomir Mentzen from Konfederacja also spoke very loudly about the act on cryptocurrencies – both at the parliamentary podium and on the X portal.
When it comes to industry involvement, it is impossible not to mention Dawid Kustra from Next Block Expo, who talked to MP Kowalski, who chaired the Proste Podatki team, from the beginning of work on the act. It was Dawid Kustra who inspired the MP to take up the topic of the Polish Act on Crypto Assets and Regulations in Poland.
Why was President Karol Nawrocki’s veto so important?
President Karol Nawrocki and his veto were the last resort for the cryptocurrency industry. In my opinion, the bill adopted in the form in which it passed the Senate would devastate not only the Polish cryptocurrency scene, but also all kinds of fintechs, which are increasingly intertwining with the world of decentralized finance. The presidential veto gives hope for the introduction of MiCA regulations following the example of neighboring countries, which were able to prepare a dozen or so pages of regulations, not a hundred!
End of the struggle? This is just the beginning!
A veto is not the end, but a new beginning. The government had two years to prepare a sensible act consistent with MiCA – it wasted this opportunity. Now we have the opportunity to create regulations that are reasonable, proportionate and safe for users. Regulation is necessary, but it must organize the market normally, not choke the Polish economy, kills innovation and will de facto lead to the flight of Polish companies abroad. Why should another country make money on Polish ideas in the digital assets industry?
President Karol Nawrocki showed that Poles’ economic freedom is not negotiable. The cryptocurrency industry has been given a second chance – let’s hope that the parliament does not waste it. We are closely monitoring the situation and will keep you updated on any new ideas and amendments to the Act.
