Polish President Vetoes Crypto-Asset Market Act

Polish lawmakers failed to overturn President Karol Nawrocki’s veto of a digital-assets bill on December 5, 2025, halting Prime Minister Donald Tusk’s regulatory plans.

The veto stresses the tension between technological innovation and regulatory control, leaving Poland’s crypto market in limbo, with potential broader impacts on regional economic policies.

President Karol Nawrocki vetoed the Crypto-Asset Market Act on December 5, 2025. The decision is based on a perception of excessive regulatory powers and threats to individual and economic freedoms, blocking the Polish MiCA implementation.

The veto involves key figures including Prime Minister Donald Tusk and President Nawrocki. Nawrocki’s veto rejects what he deems overreaching legislation, while Tusk argues for the necessity of regulation against foreign actors infiltrating the crypto market. “This market is infiltrated by Russian, Belarusian and other post-Soviet entities – hundreds of companies,” remarked Donald Tusk during the Sejm debate on December 5, 2025.

Immediate impacts see Poland’s crypto market remain unregulated, with security risks as a poignant concern. Market stability and economic freedoms are maintained without new licensing or directives from the Polish Financial Supervision Authority. The decision has political implications, as the government debates whether to revise the bill to align with the President’s concerns. “The draft law grants excessive powers to the Financial Supervision Authority and could threaten economic freedom by allowing authorities to block accounts or domains too easily,” noted Zbigniew Bogucki.

Poland now faces the task of drafting a bill that addresses the President’s concerns without compromising national security. The veto underscores ongoing debates over regulatory balance in the fast-evolving crypto industry. Insights into potential outcomes point to further regulatory discussions and market analysis. Stakeholders may expect that Poland will need to find a middle ground between ensuring security and promoting technological innovation in the crypto sector.