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Poland's President Again Vetoes Cryptoassets Bill, Citing Weak Consumer Safeguards
Polish President Karol Nawrocki on June 11 signed seven bills into law and vetoed three, including legislation intended to regulate the country's cryptoassets market. He said he supports bringing the sector under clear rules, but argued the bill failed to deliver effective consumer protection.
The package he rejected also contained an amendment limiting certain taxes and a healthcare-related measure. Nawrocki said the vetoes were driven by considerations of citizens' rights, regulatory effectiveness and patient safety.
The cryptoassets bill had been closely watched as a key step toward a new rulebook for Poland's digital-asset industry. Nawrocki said the final text largely omitted proposals drafted by his office, with only one of 16 priority amendment areas reflected in the version presented for signature. He added that the bill was nearly identical to a draft he has already vetoed twice.
Nawrocki said he would be prepared to approve the legislation if lawmakers revise it to meet the stated objectives, leaving the door open to another attempt in parliament. As it stands, the current proposal cannot advance without further political action.
Prime Minister Donald Tusk criticized the decision in a post on X, saying: "It sounds unbelievable, but the president has vetoed the cryptocurrency bill again. He seems more entangled in it than everyone thought." The comments add political tension to an already delayed regulatory process.
In his own statement, Nawrocki said the presidency is not meant to automatically sign or block laws and that decisions should reflect responsibility for citizens, the state and Poland's future. He also argued that major public decisions should not be made without explanation or debate.
Despite the vetoes, seven other bills received presidential approval. They covered issues including court probation officers, national and ethnic minorities, personal and corporate income tax rules, spatial planning, e-health services, inheritance and donation tax, and Poland's participation in the Eurodac system.
Separately, the president submitted his own healthcare proposal to the Sejm, focused on access to treatment for people living with HIV and changes to diagnostic funding for hepatitis C patients in prisons.
With the crypto bill again stalled, Poland remains without the proposed framework for its digital-asset market. Lawmakers may amend the draft, build broader support or pursue a different legislative route. For crypto firms and users, the near-term outcome is unchanged: regulatory rules remain unsettled as European markets continue adapting to wider EU crypto regulation.
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