Polish President Vetoes Cryptocurrency Bill

Polish President vetoes crypto bill, citing threats to freedoms and stability.

Polish President Karol Nawrocki has refused to sign the “Law on the Cryptoasset Market.” He stated that its provisions “threaten the freedoms of Poles, their property, and the stability of the state.”

Prezydent RP @NawrockiKn odmówił podpisania ustawy o rynku kryptoaktywów.

‼️ Zdaniem Prezydenta, zawetowane przepisy realnie zagrażają wolnościom Polaków, ich majątkowi i stabilności państwa. https://t.co/ZBXaZg5uQI pic.twitter.com/27n7gpAayF

— Kancelaria Prezydenta RP (@prezydentpl) December 1, 2025

Among the main reasons for the veto, the politician cited a provision allowing authorities to block websites related to the crypto market. In his view, such a measure “could lead to abuses.” 

Nawrocki also criticized the excessive complexity and volume of the document, which could result in “overregulation.” 

“Overregulation is an easy way to drive companies to the Czech Republic, Lithuania, or Malta instead of creating conditions for them to operate and pay taxes in Poland,” said the president.

Another point of contention was the high supervisory fees, which could stifle startup activity and create advantages for foreign corporations and banks.

“This is a perversion of logic, the killing of a competitive market, and a serious threat to innovation,” Nawrocki commented.

The Polish Sejm approved the “Law on the Cryptoasset Market” at the end of September. Supporters of the digital asset industry criticized the document. Politician Tomasz Mentzen had already urged the president to veto the bill. 

Opinions 

Polish officials were dissatisfied with Nawrocki’s decision. Among them were Finance Minister Andrzej Domański and Deputy Prime Minister Radosław Sikorski. 

Kolejna zawetowana ustawa. Tym razem wbrew klientom i inwestorom rynku kryptoaktywów oraz 🇵🇱 podmiotom. Już teraz 20% klientów traci swoje pieniądze w wyniku nadużyć na tym rynku. Chcieliśmy ich chronić, Prezydent wybrał chaos i bierze pełną odpowiedzialność za swoje działania.…

— Andrzej Domański (@Domanski_Andrz) December 1, 2025

Domański emphasized that currently about 20% of users lose funds due to abuses in the crypto market. According to him, instead of regulation, the president “chose chaos.” 

“When the bubble bursts and thousands of Poles lose their savings, at least they will know whom to thank,” noted Sikorski. 

Economist and digital asset supporter Krzysztof Piech emphasized that the bill “would not have changed anything.” From July 1, 2026, investor protection in all EU member states will be ensured by the MiCA regulation, he added. 

Back in September, the Verkhovna Rada of Ukraine approved in the first reading bill No. 10225-d “On Virtual Assets Markets,” which will determine the status and taxation of cryptocurrencies in the country.

In November, the Czech National Bank created a test crypto portfolio consisting of Bitcoin, stablecoins, and tokenized deposits worth $1 million.