Poland's Parliament Begins Review of Four Competing Crypto Regulatory Bills

ChainCatcher report: Poland’s Sejm Speaker 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 the Polish Financial Supervision Authority’s (KNF) authority to freeze accounts 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, the opposition Law and Justice Party (PiS), after withdrawing its earlier support for regulatory proposals, submitted a separate bill on Monday advocating for a complete ban on all cryptocurrency-related activities in Poland, further complicating the regulatory debate. Speaker Czarzasty stated that the PiS ban proposal will be reviewed only after the four main regulatory bills are finalized, and raised questions about potential links between cryptocurrency industry funding and political activities, specifically pointing to possible political contributions from entities such as zondacrypto.