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The cryptoasset market in Poland is entering a crucial moment. Rzeczpospolita reports that President Karol Nawrocki may veto the cryptoassets market bill - and rightly so. As it stands, the bill threatens to stifle the development of the Web3 industry and push innovative companies out of the country.
Do we really want Polish startups to flee to Estonia, Germany or the Netherlands instead of growing here? 🤔
The concerns of the cryptocurrency community are not about regulation per se, but about the form of oversight.
The draft assumes that the main supervisory body will be the Financial Supervisory Commission - an institution with many years of experience, but firmly rooted in traditional finance.
Why is this a problem?
The result? A mass migration of companies to other EU countries, which are already tempting startups with friendly regulations.
A team of experts led by Prof. Krzysztof Piech is coming to the rescue. Work is underway on a new draft law that:
✅ provides for the establishment of a new supervisory authority for next-generation technologies,
✅ uses "soft law" - guidance and dialogue instead of a stick,
✅ imposes restrictions only on flagrant violations,
✅ cares about consumer protection and the role of the Financial Ombudsman,
✅ lowers the cost of doing business for startups,
✅ leaves a MiCA gateway for small educational and innovative projects,
✅ respects the competence of the NBP - without violating constitutional principles.
It's a pro-development approach, not an anti-regulatory one. It's about smart regulation, not the lack of it.
Europe already has MiCA - it's time to act. But act wisely, without copying the banking world into the blockchain world.
Blockchain is:
Excessive centralization and overregulation?
This is a brake. And Poland needs an engine of innovation.
The veto is not a stopgap to regulation - it's a chance to improve the law before it becomes a crutch for the entire industry.
It's a gesture toward:
🔹 entrepreneurs,
🔹 innovators,
🔹 consumers,
🔹 and the Polish digital economy.
Poland faces a choice:
👎 Control and bureaucracy that will push innovation overseas,
or
👍 Modern, open laws that understand the realities of tomorrow's technology.
If we want Poland to be a Web3 leader in Europe, not just a participant - we need smart laws, not a heavy hammer on startups.
👉 A veto is not a blockade, but an opportunity for a better law.
👉 The current law threatens to drain innovation and capital.
👉 The alternative bill provides a viable, thoughtful path forward.
The future of the crypto market in Poland cannot depend on past regulatory schemes.
📢 It's worth fighting for smart regulation today - before innovation fights its way overseas.
