Poland's Crypto Regulatory Bill 'Stalled', Pro-Crypto President and Strong-Regulation Prime Minister Engaged in Fierce 'Internal Struggle'
Poland is embroiled in a political standoff over its cryptocurrency regulatory bill, pitting pro-crypto President Karol Duda against Prime Minister Donald Tusk's pro-regulation government. The bill, intended to align with the EU's MiCA framework, mandates strict oversight by Poland's Financial Supervision Authority (KNF), requiring crypto service providers to register, comply with anti-money laundering rules, and adhere to consumer protection measures. It also introduces criminal liability for unlicensed activities.
President Duda vetoed the bill, arguing it threatens economic freedom, stifles innovation with high compliance costs, and grants excessive powers to regulators. The ruling coalition, led by Tusk, resubmitted the identical bill unchanged, framing it as a national security necessity to counter Russian influence and illicit financial activities. The deadlock highlights deeper ideological divides: Duda's camp prioritizes market freedom and competitiveness, while Tusk's government emphasizes regulatory rigor and EU integration. The impasse leaves Poland as one of the few EU members yet to fully implement MiCA, with ongoing political negotiations determining the bill's fate.
marsbit12/16 08:03
