Based on Bijié Wǎng, Polish President Karol Nawalkowski has vetoed parts of the Anti-Monopoly and Consumer Protection Act (MiCA bill), arguing that the legislation poses a 'real threat' to Polish citizens' freedom, property, and national stability. The bill aims to align Poland's crypto market with the EU's MiCA regulatory framework. Nawalkowski expressed concerns that the law could allow the government to 'shut down' crypto company websites unilaterally and criticized the lack of transparency in domain-blocking regulations, which he said could be abused. He also warned that the overly complex and lengthy bill—over 100 pages—could drive businesses to neighboring countries like the Czech Republic and Slovakia, where similar laws are much shorter. Nawalkowski, elected in June as an independent candidate with support from the right-wing Law and Justice Party, noted that the regulatory costs would benefit large firms and banks while stifling startups. His veto can only be overridden by a three-fifths majority in the Sejm.
Polish President Vetoes MiCA Bill, Citing Threat to Freedom and Market Stability
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