Poland resubmits vetoed crypto bill: ‘Not even a comma’ changed

Polish lawmakers person doubled down connected crypto regularisation rejected by President Karol Nawrocki, deepening tensions betwixt the president and Prime Minister Donald Tusk.

Polska2050, portion of the ruling conjugation successful the Sejm — Poland’s little location of parliament — reintroduced the extended crypto measure connected Tuesday, conscionable days aft Nawrocki vetoed an identical bill.

The bill’s backers, including Adam Gomoła — a subordinate of Poland2050 — called Bill 2050 an “improved” successor to the vetoed Bill 1424, but authorities spokesperson Adam Szłapka reportedly declared that “not adjacent a comma” had been changed.

The part implicit Poland’s crypto measure comes amid the rollout of the European Union’s Markets successful Crypto-Assets Regulation (MiCA) crossed subordinate states up of a July 2026 compliance deadline for EU crypto businesses.

Critics accidental Bill 2050 is “exactly aforesaid bill”

The caller mentation of Poland’s draught crypto measure provides an 84-page-long papers that fundamentally replicates the archetypal Bill 1424, aiming to designate the Polish Financial Supervision Authority arsenic the country’s superior crypto plus marketplace regulator.

Crypto advocates similar Polish person Tomasz Mentzen antecedently criticized Bill 1424 arsenic “118 pages of overregulation,” peculiarly in examination to shorter versions successful different EU subordinate states similar Hungary oregon Romania.

“The authorities has erstwhile again adopted precisely the aforesaid measure connected cryptoassets,” Mentzen wrote successful an X station connected Tuesday.

Source: Tomasz Mentzen

He besides mocked Tusk’s assertion that the president’s earlier veto was tied to the alleged engagement of the “Russian mafia,” saying: “The measure is perfect, and anyone who thinks different is funded by Putin.”

Government spokesperson Szłapka reportedly claimed that Nawrocki volition apt not veto the projected measure this time, pursuing a classified information briefing successful parliament past week and “now has afloat knowledge” of the implications connected nationalist security.

The contented with MiCA: Local versus centralized EU oversight

Poland’s statement implicit its crypto measure sets an important precedent for implementing the EU-wide MiCA regulation, arsenic the projected authorities would spot work for marketplace supervision connected the section fiscal regulator.

The contented is peculiarly important amid calls from immoderate subordinate states for much centralized MiCA supervision nether the Paris-based European Securities and Markets Authority (ESMA).

In October, the Bank of France urged the EU to springiness the ESMA nonstop supervisory powers, informing that a fragmented attack to oversight could undermine the bloc’s fiscal sovereignty.

Some EU subordinate states person pushed backmost against centralized oversight nether MiCA, with regulators successful Malta arguing that it could make further layers of supervision that mightiness stifle marketplace innovation.

Related: EU program would boost ESMA powers implicit crypto and superior markets

Notably, Polish economist Krzysztof Piech — a salient professional of Poland’s projected crypto measure — has questioned the request for the section legislation, noting that MiCA protections volition instrumentality effect successful 2026.

While section reports suggest that Nawrocki whitethorn not veto the measure this time, determination is besides speculation that his bureau has been presented with an “alternative” draught aimed astatine creating much favorable marketplace conditions. The projected alternate is reportedly designed to align with the EU-wide MiCA model and region nonstop oversight from the section regulator.