Poland’s Parliament Debates Four Competing Crypto Bills; PiS Proposes Ban

According to The Block, Polish Sejm Speaker Włodzimierz Czarzasty announced that parliament has officially launched debates on four competing cryptocurrency asset bills—from the government, President Karol Nawrocki, the Poland 2050 party, and the coalition party—with the second reading scheduled for this Thursday. Previously, President Nawrocki had vetoed related cryptocurrency legislation twice. The main divergence between the government’s and president’s proposals lies in the Financial Supervision Authority’s authority to freeze accounts and the cap on fines—the president’s proposal maintains a fine cap of 20 million zlotys (approximately $5.5 million), while the finance ministry’s draft raises it to 25 million zlotys (approximately $6.9 million). Meanwhile, on Monday, Law and Justice Party (PiS) lawmakers withdrew a market regulation bill submitted in April and introduced a new proposal to completely ban cryptocurrency activities within Poland. Speaker Czarzasty stated that this ban proposal will only enter the legislative process after the four main regulatory bills have been reviewed, and he questioned the financial ties between the cryptocurrency exchange zondacrypto and political figures, pressing for clarification on the deeper motivations behind President Nawrocki’s two vetoes.