The Polish government has reintroduced a cryptocurrency bill that was previously vetoed by President Karol Nawrocki last week. Prime Minister Donald Tusk is now urging the president to approve the legislation, which aims to address potential national security risks associated with Russia and other former Soviet states, as reported by Rzeczpospolita.
This bill, known formally as the Cryptoasset Market Act, seeks to align Poland’s regulatory framework with the European Union’s Markets in Crypto-Assets (MiCA) regulations, which offer a unified rulebook for crypto oversight across the EU. The government has resubmitted the bill without any changes.
“Our official registry of businesses involved in the cryptocurrency sector lists more than 100 firms with direct connections to Russia, Belarus, and other former Soviet republics,” Tusk stated, according to the report. “This should serve as a wake-up call; we must guarantee the security of the state and its citizens in this regard.”
Tusk emphasized that cryptocurrencies are increasingly utilized in hostile activities, highlighting the need for stricter regulation. “Regrettably, cryptocurrencies frequently act as instruments of sabotage, including from adversaries of the Polish state, making fundamental oversight even more crucial and necessary.”
Last week, Nawrocki vetoed the proposed legislation, claiming it would enforce excessively strict regulations on the cryptocurrency sector. In a statement on his website dated Dec. 1, he expressed that the law “poses a genuine threat to the freedom of Poles, their property, and the stability of the state.”
