TechFlow news, on December 2, Polish President Karol Nawrocki vetoed the tightly regulated "Cryptocurrency Asset Markets Act," drawing praise from the cryptocurrency community and strong criticism from the government.
The presidential office stated that the bill's provisions "truly threaten Poles' freedoms, property, and national stability." Main reasons for the veto include: clauses allowing authorities to easily block cryptocurrency websites pose a risk of abuse; the bill is overly complex, leading to excessive regulation; and excessively high regulatory fees could hinder startup development, favoring foreign companies and banks.
The president warned that overregulation would push businesses to operate in countries like the Czech Republic, Lithuania, or Malta instead of Poland, avoiding tax obligations there.
