Poland Vetoes Cryptocurrency Market Act as Crypto Community Celebrates and Regulators Warn of Overregulation

According to Cointelegraph’s coverage, Poland‘s president vetoed the Cryptocurrency Market Act, a move welcomed by the crypto community and criticized by government officials. The Presidential Palace asserted that the act’s provisions threaten freedom, property rights, and national stability, underscoring the need to recalibrate the crypto regulation framework in Poland.

Critics point to three core concerns: a clause that could enable authorities to block cryptocurrency websites, a regulatory design that risks overregulation, and high compliance costs that may tilt the playing field toward foreign firms and banks at the expense of startups in Poland.

Market participants now await revisions that balance consumer protection with fintech competitiveness, as firms evaluate whether to relocate to neighboring hubs—the Czech Republic, Lithuania, or Malta—to remain within EU markets and favorable tax regimes.