Poland lawmakers debate crypto bills as PiS party submits separate ban proposal
Polish lawmakers are debating four competing cryptoasset bills following presidential vetoes, while the PiS party has proposed a total ban.Summary
The Polish Sejm has commenced debates on four competing cryptoasset bills following two vetoes of previous legislation by President Karol Nawrocki. The proposals come from the government, the President, Poland 2050, and the Confederation party. Key differences between the government and presidential drafts involve the authority of the Polish Financial Supervision Authority to block accounts and the severity of statutory penalties for obstructing inspections.
In a parallel development, Law and Justice (PiS) MPs have introduced a separate bill seeking to ban cryptoasset activity within Poland altogether. Speaker Włodzimierz Czarzasty noted that the PiS ban proposal will only be processed after the four primary regulatory bills are addressed. Czarzasty also raised concerns regarding potential political links to crypto-related financing and questioned the reasons behind the President's previous vetoes.
(Source：The Block)