Odaily Planet Daily reports: Speaker of the Polish Sejm, Włodzimierz Czarzasty, announced that parliament has officially begun reviewing four competing legislative proposals on cryptocurrency regulation, following two vetoes by President Karol Nawrocki. The current review encompasses multiple legislative drafts from the government, the President’s office, the Poland 2050 party, and the Confederation party, with a second reading vote expected on Thursday. Key disagreements center on the scope of account freezing authority granted to Poland’s financial regulator (KNF) and the maximum penalties for violations. The presidential draft sets a maximum fine of approximately 20 million PLN (about $5.5 million), while the finance ministry’s version raises it to 25 million PLN (about $6.9 million).
Meanwhile, on Monday, the opposition party Law and Justice (PiS), after withdrawing its earlier support for a regulatory proposal, submitted a separate bill advocating for a complete ban on cryptocurrency-related activities in Poland, further complicating regulatory discussions. Speaker Czarzasty stated that PiS’s ban proposal will be reviewed only after the four main regulatory bills are finalized, and he questioned the connection between cryptocurrency industry funding and political activities, specifically raising concerns about potential political contributions from entities including zondacrypto. (The Block)