Crypto Regulation Stalls in Poland After Veto Standoff
A presidential veto of cryptocurrency regulation will stand after Poland’s parliament failed to override it on Friday. The government’s attempt to tighten control over a market it views as a conduit for illicit finance and Russian espionage has been effectively blocked.
This legislative clash is the newest development in a deep political rift between the country’s prime minister and its president. The deadlock occurs as Polish officials consistently warn of mounting dangers originating from Moscow.
Prime Minister Donald Tusk appealed directly to legislators, stating, “There is no question this market is highly prone to exploitation by foreign intelligence, services, and mafias. The challenge is for our state to obtain the tools to avoid being helpless.”
Prior to the open session, Tusk presented what he termed urgent national security information behind closed doors. He later characterized the outcome online as a victory for “Russian money and services over the security of the state and citizens.”
The legislation would have brought the European Union’s MiCA framework into Polish law. This would have empowered the national financial regulator to oversee the cryptocurrency sector and introduced criminal consequences for specific token and service-related offences.
