Polish Parliament Approves Revived Crypto Bill, Heads to Senate

The Sejm, the decrease home of Poland’s legislature, has once more handed a invoice that might impose restrictions on the cryptocurrency market, following the nation’s president’s veto of an earlier try.

In a Thursday vote, Polish lawmakers voted 241 for and 183 towards the Crypto-Property Market Act, a invoice beforehand vetoed by President Karol Nawrocki. On Friday, the invoice was despatched to the Senate for additional consideration.

The crypto invoice is meant to align Poland’s rules with the European Union’s Markets in Crypto-Property Regulation (MiCA) framework, with member states anticipated to transition by July 2026. The identical model of the invoice, which handed the decrease home in September, obtained criticism from some lawmakers and business advocates, who claimed it might threaten the nation’s crypto market and its customers. 

Although the primary try at passing the invoice made it by means of the Polish Senate, Nawrocki vetoed it in December, claiming that it might “genuinely threaten the freedoms of Poles, their property, and the steadiness of the state.” Lawmakers reintroduced the invoice with none modifications final week.

The Senate is now set to overview the invoice, and, if authorized, it might find yourself as soon as once more on Nawrocki‘s desk.

A authorities spokesperson reportedly stated that the invoice is more likely to be signed into legislation this time, following a labeled safety briefing that offered the president with “full data” of its implications for nationwide safety.

Associated: Binance updates crypto guidelines in Poland to satisfy new MiCA necessities

Cointelegraph reached out to the president’s workplace for remark, however had not obtained a response on the time of publication.

Polish president campaigned towards crypto rules

Nawrocki, who assumed workplace in August, sided with crypto business advocates forward of the second spherical of the presidential election. In a Might X publish, he stated that he would assure “no oppressive legal guidelines” can be applied within the digital asset business, including “Poland wants innovation, not regulation,” in line with a translated assertion.