Polish President vetoes the "Crypto Asset Market Act," citing threats to civil liberties

ChainCatcher reported that Polish President Karol Nawrocki has vetoed the proposed Crypto-Asset Market Act, which aimed to introduce strict regulations for the country's crypto industry. The President's office confirmed in a statement on Monday that he would not sign the bill. President Karol Nawrocki rejected the bill on the grounds that it "truly threatens the freedom, property, and national stability of Polish people," and pointed out that the bill's length (over 100 pages) far exceeds the requirements set by the EU's MiCA regulations.

His main objection was to a provision granting authorities the power to block crypto-related websites. Polish Finance Minister Andrzej Domański stated on the X platform that the President's decision would expose consumers to risks, and said that Karol Nawrocki "chose chaos." Deputy Prime Minister and Foreign Minister Radosław Sikorski also believes the bill is necessary to curb fraud. Industry insiders welcomed the veto, arguing that consumer protection should not come at the cost of excessive control.