BlockBeats report: On May 12, as the Polish parliament was reviewing four regulatory bills on crypto assets, the right-wing party Law and Justice (PiS) unexpectedly submitted a new bill proposing a complete ban on all crypto asset-related activities in Poland, drawing attention from local political and market circles.
Reports state that Sejm Speaker Włodzimierz Czarzasty has confirmed that Parliament is currently reviewing four draft cryptocurrency bills simultaneously, submitted by the government, President Karol Nawrocki, the Poland 2050 party, and the Confederation party.
Among the key points of contention are the Polish financial regulator’s authority to freeze accounts and the severity of penalties for violations. The president’s version of the bill maintains a maximum fine of 20 million zlotys (approximately $5.5 million), while the finance ministry’s version proposes increasing it to 25 million zlotys (approximately $6.9 million).
Meanwhile, several PiS lawmakers have withdrawn their earlier support for the market regulation bill submitted in April and instead filed a separate proposal to "ban cryptocurrency activities."
Speaker Czarzasty stated that the ban proposal will enter the process only after the review of four major regulatory bills, provided that PiS does not withdraw it voluntarily.
He also described the current state of the cryptocurrency industry as a "devil's dance" and publicly questioned the funding relationships between certain political figures and local cryptocurrency platforms, as well as the reasons behind the president's two previous vetoes of cryptocurrency legislation.