Poland’s president vetoes strict crypto bill, clashes with government

Polish President Karol Nawrocki vetoed the Crypto-Asset Market Act, stating its provisions "genuinely threaten the freedoms of Poles, their property, and the stability of the state." Key reasons for the veto included concerns over opaque domain blocking provisions, excessive complexity leading to overregulation compared to neighboring countries, and high supervisory fees that could stifle startups and favor foreign entities. While crypto advocates celebrated the decision as a win for the market, government officials, including Finance Minister Andrzej Domański and Deputy Prime Minister Radosław Sikorski, strongly condemned the move. They argued the president chose "chaos" and would be responsible when investors lose money in the unregulated market. Crypto proponents countered that the EU's MiCA regulation will soon provide investor protections.

(Source：Cointelegraph)