According to Coinotag, Polish President Karol Nawrocki vetoed the Crypto-Asset Market Act, citing concerns that the bill's provisions could drive startups abroad and threaten economic freedoms. The legislation, passed by parliament in June, included measures such as website blocking powers and high supervisory fees, which the president's office described as opaque, burdensome, and harmful to innovation. The veto halts the immediate implementation of these rules, which critics argue could push crypto firms to more favorable jurisdictions like Lithuania or Malta. The decision has sparked debate, with government officials warning of potential market chaos and rising fraud, while industry advocates praised the move as a defense of economic freedom and innovation.
Polish President Vetoes Crypto Bill Over Startup Exodus Concerns
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