Poland's President Vetos MiCA Bill, Cites Threats to 'Freedoms of Poles'

President Karol Narwocki was acrophobic that the Cryptoasset Market Act would let the authorities to disable crypto companies websites "with a azygous click."

Updated Dec 2, 2025, 11:53 a.m. Published Dec 2, 2025, 11:53 a.m.

President Karol Nawrocki of Poland has refused to motion a measure that helium believed would person imposed overly-stern regulations connected the cryptocurrency market.

The president vetoed provisions of the measure connected the ground that they "pose a existent menace to the state of Poles, their spot and the stableness of the state," according to an update connected his website connected Monday.

The Cryptoasset Market Act was Poland's authorities to bring it successful enactment with the European Union's (EU) Markets successful Crypto-Assets (MiCA) regulation, which is the bloc's model to found a azygous rulebook for oversight of the crypto industry.

President Narwocki was acrophobic that the enactment would let the authorities to disable crypto companies websites "with a azygous click," and that the regularisation connected domain blocking deficiency transparency and were unfastened to abuse.

The enactment would besides hazard pushing companies overseas to Poland's neighbors specified arsenic the Czech Republic and Slovakia owed to being overly agelong and complex. While equivalent acts successful these countries are lone a twelve pages long, Poland's projected enactment had implicit 100. Furthermore, the regulatory fees would favour corporations and banks astatine the disbursal of startups, who would beryllium prevented from developing, according to the president.

"Overregulation is simply a surefire mode to propulsion companies overseas alternatively of creating the conditions for them to gain and wage taxes successful Poland," the update said.

Nawrocki, who was elected successful June this year, ran arsenic an autarkic campaigner but was supported by the country's right-wing party, Law and Justice, presently the absorption to the governing conjugation led by Prime Minister Donald Tusk.

Poland's semi-presidential strategy of authorities means the president does not person the aforesaid enforcement powerfulness that the president does successful the U.S., for example. The powerfulness of veto is 1 of the astir important tools the president tin wield. A veto tin past lone beryllium overturned by a three-fifths bulk successful the Sejm, Poland's parliament.

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