Karol Nawrocki 's decision to veto the cryptocurrency bill is an event of great significance for the entire ecosystem.
Why is this important? Because the entire financial, fintech and crypto industry sounded the alarm that the legislation could hit freedom, innovation and transparency. And - crucially - everyone (with one exception) advocated a veto.
🔸 The exception? Broker XTB - a company that in practice has nothing to do with cryptocurrencies, but nevertheless supported the bill.
🔸 The unity and determination of the entire crypto market is all the stronger.
💥 The result? We have the first real, tangible success of the crypto industry in Poland. We managed to stop regulation that could have plunged the market into uncertainty and overregulation.
Today's veto showed something fundamental:
👉 The united crypto industry has a real impact on Polish law.
Since we managed to stop bad legislation, now we have a bigger task ahead of us:
to write a new version of the law - one that makes sense, is logical, industry-friendly and in line with the spirit of innovation.
Here are four pillars worth building:
Not copy-paste from traditional financial institutions, but regulations based on real risks and market specifics.
So that the average investor is not lost in paperwork and procedures. Simplicity = security.
It is possible to protect users and at the same time not stifle technology development.
Regulatory transparency will help build a stable, trusted and fair environment.
For the first time, the crypto industry in Poland has shown strength and a united stance.
This is the moment to shape the future of the market, instead of just reacting to politicians' decisions.