Representatives of Poland’s cryptoasset sector have appealed to President Karol Nawrocki to veto the cryptoassets market law passed by the Sejm on 26 September. The industry argues that the bill, in its current form, would stall the growth of domestic firms, drive Polish capital out of the market, and hand competitive advantage to foreign — including non-EU — players.
Although the law formally implements the EU’s MiCA regulation, it goes far beyond MiCA’s scope. Poland has drafted one of the most expansive implementations in the EU — over 100 pages of provisions, sanctions and administrative obligations. Experts warn this is a textbook case of gold-plating: transposing EU rules in a disproportionate, business-unfriendly way that harms local companies.
“This is not a dispute about cryptocurrencies — it’s about Poland’s economic competitiveness,”
says Sławek Zawadzki, Co-CEO of Kanga Exchange.
“As written, the law means Polish firms — financed with Polish capital and paying Polish taxes — will not be able to meet the new requirements. Foreign entities will step in, register elsewhere in the EU, and simply skim the cream in Poland. That risks the loss of thousands of jobs, innovation and tax revenues.”
According to Forbes Polska (September 2025), Poland is one of Central Europe’s fastest-growing crypto markets. 30.9% of Poles invest in crypto — more than in shares (21.5%) or bonds (19%). 71% of respondents transact several times a month, underscoring that crypto is no niche but a real segment of the digital economy.
Poland once had a real shot at becoming a regional blockchain leader, hosting some of CEE’s earliest exchanges and projects. But, Zawadzki notes, that leadership was eroded by an overly restrictive approach from the Polish Financial Supervision Authority (KNF) — including bank account blockages and licensing delays.
“This bill locks in past mistakes. It hands the market to foreign players and strips domestic firms of the ability to compete. If we want Poland to build its own tech capital, we need laws that ensure a level playing field and encourage investment — not punish entrepreneurs for operating here,”
adds Zawadzki.
The industry stresses it does not oppose regulation. On the contrary, it supports MiCA implemented faithfully and uniformly across the EU. However, in its current form the Polish bill:
- does not protect investors, but blocks enterprise growth;
- does not support innovation, but creates barriers;
- does not strengthen Polish competitiveness, but cedes the market to foreign entities;
- does not increase user safety, but pushes activity into the grey zone.
Consequently, sector leaders — including Kanga, Next Block Expo, the Chamber of Commerce for Blockchain and New Technologies, and others — have signed a joint appeal for a presidential veto and a redraft of the legislation.
“This is the moment to speak with one voice. I believe President Nawrocki will recognize that this decision goes beyond the crypto market — it concerns the future of Poland’s digital economy,”
Zawadzki concludes.
Source: https://ceo.com.pl/polska-przeregulowuje-rynek-krypto-branza-prosi-o-interwencje-prezydenta-46874
