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Poland’s President Karol Nawrocki declined to sign a bill imposing strict regulations on the crypto asset market, drawing praise from the crypto community and sharp criticism from others in the government.
Nawrocki vetoed Poland’s Crypto-Asset Market Act, saying its provisions “genuinely threaten the freedoms of Poles, their property, and the stability of the state,” <a href="https://x.com/prezydentpl/status/1995564878824964519" rel="noopener noreferrer nofollow" target="_blank">according</a> to a statement by the president’s press office on Monday.
Introduced in June, the bill has <a href="https://cointelegraph.com/news/poland-parliament-passes-crypto-bill-criticism" rel="noopener noreferrer nofollow">drawn criticism from industry advocates</a> such as Polish politician Tomasz Mentzen, who had anticipated the president’s refusal to sign it as it cleared parliamentary approval.
Although crypto advocates welcomed the veto as a win for the market, several government officials condemned the move, claiming the president had “chosen chaos” and must bear full responsibility for the outcome.
<h2 id="why-the-president-vetoed-the-bill">Why the president vetoed the bill</h2>
One of the main reasons cited for the veto was a provision allowing authorities to easily block websites operating in the crypto market.
“Domain blocking laws are opaque and can lead to abuse,” the president’s office <a href="https://www.prezydent.pl/aktualnosci/wydarzenia/ustawy-z-podpisem-prezydenta-oraz-weto,111232" rel="noopener noreferrer nofollow" target="_blank">said</a> in an official news release.
The president’s office also cited the bill’s widely criticized length, saying its complexity reduces transparency and would lead to “overregulation,” especially when compared with simpler frameworks in the Czech Republic, Slovakia and Hungary.
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 <img src="https://s3.cointelegraph.com/uploads/2025-12/019ade32-acbe-72d0-b305-a2e933fb588c" title="" alt="Poland’s president vetoes strict crypto bill, says it threatens ‘freedoms of Poles’">
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 Source: Press office of Polish President Karol Nawrocki (post translated by X)
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“Overregulation is an easy way to drive companies to the Czech Republic, Lithuania or Malta, rather than create conditions for them to operate and pay taxes in Poland,” the president said.
Nawrocki also highlighted the excessive amount of supervisory fees, which may prevent startup activity and favor foreign corporations and banks.
“This is a reversal of logic, killing off a competitive market and a serious threat to innovation,” he said.
<h2 id="critics-jump-in-the-president-chose-chaos">Critics jump in: “The president chose chaos”</h2>
Nawrocki’s veto has triggered a strong backlash from top Polish officials, including Finance Minister Andrzej Domański and Deputy Prime Minister and Minister of Foreign Affairs Radosław Sikorski.
Domański <a href="https://x.com/Domanski_Andrz/status/1995587137048301925" rel="noopener noreferrer nofollow" target="_blank">warned</a> on X that “already now 20% of clients are losing their money as a result of abuses in this market,” accusing the president of having “chosen chaos” and saying he bears full responsibility for the fallout.
Related: <a href="https://cointelegraph.com/news/spain-crypto-tax-proposal-bitcoin-risk-system" rel="noopener noreferrer nofollow" target="_self">Spain’s junior ruling party proposes 47% crypto tax in ‘attack against Bitcoin’</a>
Sikorski echoed the concern, saying that the bill was supposed to regulate the crypto market. “When the bubble bursts and thousands of Poles lose their savings, at least they will know who to thank,” Sikorski <a href="https://x.com/sikorskiradek/status/1995576103944282605?s=20" rel="noopener noreferrer nofollow" target="https://x.com/sikorskiradek/status/1995576103944282605?s=20">argued</a> on X.
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 <img src="https://s3.cointelegraph.com/uploads/2025-12/019ade32-afd0-714d-a7e9-7edfda2d85f3" title="" alt="Poland’s president vetoes strict crypto bill, says it threatens ‘freedoms of Poles’">
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 Source: Finance Minister Andrzej Domański (posts translated by X)
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 Crypto advocates, including Polish economist Krzysztof Piech, quickly pushed back, arguing that the president cannot be held responsible for authorities failing to pursue scammers.
He also noted that the European Union’s <a href="https://cointelegraph.com/learn/articles/markets-in-crypto-assets-regulation-mica" rel="noopener noreferrer nofollow">Markets in Crypto-Assets Regulation (MiCA)</a> is set to provide investor protections across all EU member states starting July 1, 2026.
Magazine: <a href="https://cointelegraph.com/magazine/cryptos-impossible-choice-when-privacy-and-aml-laws-conflict/" rel="noopener noreferrer nofollow" target="_self">When privacy and AML laws conflict: Crypto projects’ impossible choice</a>

Poland’s president vetoes strict crypto bill, says it threatens ‘freedoms of Poles’

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