A crypto-friendly bill recently submitted to the Polish parliament is now open for public discussion as it is hoped that it will eventually be passed.
The legislative initiative, a result of civil society efforts, followed failed attempts by the rulers in Warsaw to push through their restrictive framework.
Citizens restart crypto regulatory process in Poland
An alternative bill aimed at regulating the Polish crypto market, possibly the largest in Eastern Europe, has been submitted for public consultation.
The document, which was submitted to the Sejm earlier this month, has now been released by the lower house of the Polish legislature.
The new law was authored by industry experts, including lawyers and representatives of companies and financial institutions.
The group is headed by Professor Krzysztof Picz, head of the Blockchain Technology Center at Lazarski University in Warsaw, Bitcoin.pl portal reports.
This week, the Polish economist turned to X to invite interested parties to familiarize themselves with the draft, which is available on the parliament’s website.
More than 30 people have been involved in the effort to issue a legal brief to Poland, which could become a crypto hub, he previously revealed on LinkedIn, stressing:
“This is an expert option, not an industry … not a presidential initiative … not a project in the election campaign, because it was not about taking sides in the debate, but about solving real market problems that politicians cannot handle in the current environment.”
Peach also noted that the move was not officially a civil action, as it would have required 100,000 signatures. The bill was officially introduced by Slawomir Mentzen, the pro-crypto candidate of the Confederacy coalition of political extremists in the last presidential election.
The latest regulatory boost comes after the government failed
The new law was proposed after Prime Minister Donald Tusk’s government tried but failed to introduce its own vision of how to regulate Poland’s crypto space.
The law, drafted by the center-right, liberal and conservative ruling Civic Coalition, has been controversial, with members of the Bitcoin community claiming it could kill domestic crypto businesses through excessive regulation and compliance costs that go far beyond the latest EU standards.
Poland’s crypto-asset market act was twice vetoed by President Karol Nawrocki, who was elected in 2025 as the candidate of the right-wing National-Conservative Law and Justice Party.
In his motivations, the head of state stated that this provision threatens the freedom and property of Poles, as well as the stability of their country.
Tusk’s cabinet responded with an investigation, accusing Nawrocki of aiding the industry’s interests allegedly by players linked to Russia and other former Soviet states.
Meanwhile, Poland’s Financial Supervisory Authority (KNF), which has been given excessive supervisory powers, has warned that all Polish crypto platforms could soon be outlawed if Warsaw does not implement the MiCA (MiCA) regulations by July 1.
The new terms of the bill to the minimalist performance of MiCA
The draft, written by experts and now submitted, is much slimmer than the 60 pages drawn up by the government, Professor Peach said, detailing:
“The starting point was the shortest laws in the European Union: Cyprus, Slovakia or Latvia.”
Thus, the “EU+0” approach chosen by its authors is based on simple implementation of European regulations with some “Polish-specific solutions” and fair payments for crypto companies.
The plan has already been supported by relevant organizations, including the Warsaw Enterprise Institute, the Polish Blockchain Association and the Polish Bitcoin Association.
A minimum of 231 votes out of 460 are needed for the proposal to pass through the Sejm before it moves to the Senate, the upper house of parliament, and finally to Naroki’s desk for signature. Given its independent origin, this is not impossible.
Around 3 million people are believed to be involved in one way or another with Poland’s crypto sector, which is the largest in the eastern part of the European Union.
Authorities in Poland need to act fast and smart this time, as other nations that want to become MiCA gateways are already trying to steal some of its crypto-validation business, as recently reported by Cryptopolitan.
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