Poland Lawmakers Review Crypto Drafts as PiS Seeks Ban
Poland's Sejm has begun debating four competing cryptoasset bills following two vetoes by President Karol Nawrocki, with second readings scheduled soon. The bills vary in regulatory severity, including proposals from the government, the president, and political groups, while the Law and Justice party has separately proposed a complete ban on crypto activities. This legislative uncertainty signals potential significant regulatory changes for Poland's crypto market.
TLDR Poland’s Sejm opened debate on four competing cryptoasset bills after President Karol Nawrocki vetoed earlier legislation twice. Lawmakers scheduled second readings for Thursday as they review proposals from the government, the president, Poland 2050, and Confederation. The government draft increases the maximum fine for obstructing inspections to 25 million PLN or $6.9 million. President Nawrocki’s proposal keeps the maximum penalty at 20 million PLN or $5.5 million and outlines separate enforcement measures. The Law and Justice party submitted a separate bill that seeks to ban cryptoasset activity in Poland. Speaker Włodzimierz Czarzasty said the Sejm will address the PiS ban proposal after completing work on the four primary bills. Poland’s lower house has opened debate on four competing cryptoasset bills after two presidential vetoes stalled earlier efforts. Lawmakers began formal discussions on Tuesday and scheduled second readings for Thursday. Meanwhile, the Law and Justice party submitted a separate bill seeking a full ban on cryptoasset activity. Poland Sejm Reviews Competing Crypto Proposals Speaker Włodzimierz Czarzasty confirmed that the Sejm started reviewing four separate cryptoasset proposals. He said lawmakers will examine drafts from the government, President Karol Nawrocki, Poland 2050, and Confederation. The chamber opened debate on Tuesday and set second readings for Thursday. President Nawrocki vetoed earlier crypto legislation twice, which halted previous regulatory plans. As a result, lawmakers introduced revised drafts from multiple political groups. Czarzasty said the chamber will prioritize these four bills before addressing other filings. The government and presidential drafts remain the most detailed proposals before the Sejm. The Ministry of Finance prepared a 106-page bill outlining regulatory powers and penalties. President Nawrocki submitted a 108-page proposal that outlines alternative enforcement measures. The main differenc...
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