A crypto-friendly draft law, filed recently with the parliament in Poland, is now open for public discussions amid hopes it will eventually be adopted.
The legislative initiative, born as a result of efforts by the civil society, comes after failed attempts by the rulers in Warsaw to push through their own restrictive framework.
Citizens restart crypto regulation process in Poland
An alternative bill aimed at regulating the Polish crypto market, arguably the biggest in Eastern Europe, has been presented for public consultations.
The document, which was submitted to the Sejm earlier this month, has now been published by the lower house of Polish legislature.
The new legislation is authored by experts in the field, including lawyers and representatives of businesses and financial institutions.
The group is led by Prof. Krzysztof Piech, head of the Blockchain Technology Center at Warsaw’s Lazarski University, the Bitcoin.pl portal reported.
This week, the Polish economist took to X to urge interested parties to acquaint themselves with the draft available for review on the parliament’s website.
More than 30 people were involved in the effort to give Poland the concise legal text that can help it become a crypto hub, he revealed earlier on LinkedIn, stressing:
“This is an expert version, not an industry one … nor is it an initiative of the President … nor is it a project in an election campaign, because it was not about taking side in the dispute, but solving a real market problem that politicians in the current situation are not able to solve.”
Piech also noted that the move is not formally a civic one either, as this would have required the gathering of 100,000 signatures. The bill was officially filed by Sławomir Mentzen, the pro-crypto candidate of the far-right political alliance Konfederacja in the last presidential election.
See also South African regulator considers mandating local offices for crypto firms
Latest regulatory push follows government failure
The new legislation was put forward after the government of Prime Minister Donald Tusk tried but failed to impose its vision of how the Polish crypto space should be regulated.
The law drafted by the center-right, liberal-conservative ruling Civic Coalition proved controversial, with members of the Bitcoin community claiming it may kill domestic crypto business through overregulation and high compliance costs that go far beyond the latest EU standards.
Poland’s Crypto-Asset Market Act was vetoed twice by President Karol Nawrocki, who was elected in 2025 as the candidate of the right-wing, national-conservative Law and Justice party.
In his motives, the head of state alleged that the provisions threaten the freedoms and property of Poles as well as the stability of their country.
The Tusk cabinet responded with a probe, accusing Nawrocki of attending to the interests of an industry allegedly infiltrated by players linked to Russia and other former Soviet states.
Meanwhile, Poland’s Financial Supervision Authority (KNF), which had been granted excessive oversight powers, warned that all Polish crypto platforms may soon become illegal if Warsaw does not enforce a low introducing Europe’s Markets in Crypto Assets (MiCA) rules by the July 1 deadline.
New bill bets on minimalistic MiCA enforcement
The expert-written draft proposed now is significantly thinner than the 60 pages prepared by the government, Prof. Piech indicated, detailing:
“The starting point were the shortest laws in the EU: Cypriot, Slovak or Latvian.”
Thus, the “EU+0” approach chosen by its authors is based on a simple implementation of the European regulations, with some “Poland-specific solutions,” and fair fees for crypto firms.
See also FCA skeptic about cryptocurrencies? Here’s what experts say
The plan has already been backed by relevant organizations, including the Warsaw Enterprise Institute, the Polish Blockchain Association, and the Polish Bitcoin Association.
At least 231 out of a total of 460 votes are needed to push the proposal through the Sejm, before it goes to the Senate, the upper house of parliament, and eventually hits Nawrocki’s desk for signature. Given its independent origin, it is not impossible for this to happen.
About 3 million people are believed to be engaged, one way or another, with the Polish crypto sector, which is the largest in the eastern part of the European Union.
The authorities in Poland should act fast and wise this time, as other nations striving to become MiCA gateways are already trying to snatch some of its crypto business, as recently reported by Cryptopolitan.
