Polish gov't adopts another bill on cryptoassets
The Polish government has approved a new draft law regulating the country's cryptocurrency market and filed it with the Sejm, the lower house of parliament, the minister overseeing the implementation of government policy has said.
Maciej Berek, who made the announcement on Friday afternoon, said that Prime Minister Donald Tusk had declared on Tuesday that another bill on cryptoassets would reach parliament still this week.
"And this is what we are doing. The draft law has been adopted by the Council of Ministers and sent to the Sejm," Berek wrote on the X platform.
"We are doing this for the third time," he said. "And for the third time the Sejm and the Senate will adopt the bill in order to protect individuals investing in this market."
According to Berek, this time, President Karol Nawrocki "has no grounds to oppose this draft, especially after he sent his own bill on cryptocurrency market to the Sejm."
Berek explained that the presidential draft law "is almost a word-for-word copy of the government bill."
President Nawrocki previously vetoed two earlier versions of the legislation, while the Sejm failed to secure enough votes to override the vetoes.
According to the president, the veto was motivated by excessive regulations which were to be imposed by the law and the fact that necessary amendments had not been introduced during legislative proceedings.
In the opinion of the government and the ruling coalition, the lack of a law creates legal loopholes and leaves consumers unprotected.
Finance and Economy Minister Andrzej Domanski had sharply criticised the vetoes and said that the lack of new regulations "creates an 'eldorado' for frauds" and "weakens the security of market participants."
The bills were to bring the cryptoassets market under the supervision of Poland's Financial Supervision Authority (KNF), in line with the EU's Markets in Crypto-Assets Regulation (MICA). (PAP)
at/jch
