President Karol Nawrocki vetoed a proposed law regulating cryptocurrencies, citing risks of opaque website blocking and threats to civil liberties.

He also criticized high supervisory fees and a dense regulatory framework that, he warned, would burden startups and drive businesses abroad.

Presidential objections

Nawrocki argued the bill grants authorities broad discretion to restrict online information without transparent procedures or effective judicial oversight mechanisms.

He emphasized that these powers could be used to censor content and erode fundamental freedoms guaranteed by the constitution.

Regulatory burden on startups

The president also noted that elevated supervision fees and overlapping rules would increase compliance costs and complicate market entry for small companies.

He warned that the cumulative effect may push innovation and business activity to jurisdictions with simpler frameworks.

Political response and parliamentary process

Some government ministers opposed the veto, arguing the proposals were necessary to regulate a growing and increasingly complex crypto sector.

Industry representatives welcomed the presidential decision, saying it provides an opportunity to revise provisions that could hamper investment and operational activity.

The bill's fate will be decided by parliament, which can accept the veto, amend the text, or override it.

Parliamentary debates are likely to focus on introducing clearer transparency safeguards, establishing judicial review procedures, and calibrating fee levels to avoid undue burdens.

The outcome will shape Poland's approach to cryptocurrency oversight and affect legal certainty for market participants and digital platforms.