The Polish government has reintroduced a cryptocurrency bill that President Karol Nawrocki vetoed last week, with Prime Minister Donald Tusk urging him to sign the legislation to mitigate what officials see as national security threats linked to Russia and other former Soviet states, Rzeczpospolita reported.
The bill, officially known as the Crypto-Asset Market Law, would align Poland’s regulatory framework with the European Union’s Crypto-Asset Markets (MiCA) regime, which establishes a single regulation for the supervision of cryptocurrencies across the bloc. The government resubmitted the bill without amendment.
“Our official register of companies operating in the cryptocurrency market includes more than 100 entities directly linked to Russia, Belarus and the countries of the former Soviet Union,” Tusk said, according to the report. “This is a wake-up call, we must ensure the safety of the state and its citizens in this matter.”
Cryptocurrencies are increasingly being used as instruments of hostile activities, highlighting the need for stricter oversight, Tusk said. “Unfortunately, cryptocurrencies are often used as a tool of sabotage, including by enemies of the Polish state, so basic control is all the more necessary and essential.”
Nawrocki vetoed the legislation last week, arguing that it would impose too strict regulations on the crypto market. In a statement posted on his website on December 1, he said the legislation “poses a real threat to the freedom of Poles, their property and the stability of the state.”
