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Polish Lawmakers Revive Vetoed Crypto Bill, Stir Political Clash
Key Takeaways
- Poland’s ruling coalition has reintroduced the same crypto bill that President Nawrocki vetoed, which reignited political tensions;
- The 84-page proposal mirrors the earlier version and seeks to make the Polish Financial Supervision Authority the main crypto regulator;
- Critics say the bill is overly complex compared to other EU laws, while officials believe the president may now approve it.
Polish legislators have reintroduced a cryptocurrency bill that President Karol Nawrocki recently vetoed, and reopened a dispute with Prime Minister Donald Tusk’s government.
The ruling coalition’s Polska2050 party submitted the proposal again to the Sejm, Poland’s lower house of parliament.
Supporters, including lawmaker Adam Gomoła, described the new measure, known as Bill 2050, as an improved version of the earlier Bill 1424. However, government spokesperson Adam Szłapka said that “not even a comma” had been altered.
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The new draft spans 84 pages and closely mirrors the previous version. It would make the Polish Financial Supervision Authority the main body overseeing the country’s cryptocurrency market.
The proposal aims to align Poland’s crypto regulations with European standards.
However, Tomasz Mentzen, a Polish politician known for his criticism of government policy, has argued that the bill is excessive. He called the earlier draft “118 pages of overregulation".
He pointed out that countries like Hungary and Romania adopted simpler laws on the same issue. After the bill was reintroduced, Mentzen commented that the government had brought back "exactly the same bill on cryptoassets".
He also mocked Tusk’s earlier suggestion that the president’s veto was influenced by alleged links to the "Russian mafia". He said:
The bill is perfect, and anyone who thinks otherwise is funded by Putin.
On December 1, Poland's President Karol Nawrocki declined to approve the Crypto‑Asset Market Act and instead exercised a veto. Why? Read the full story.