Poland Elects Conservative President; Cryptocurrency Policy Uncertain

Karol Nawrocki, a conservative historian, has been elected President of Poland, winning the runoff election against liberal challenger Rafał Trzaskowski with 50.89% of the votes. This victory is expected to reshape Poland’s future policies, particularly in the realm of cryptocurrency regulation. Nawrocki draws inspiration from figures like Donald Trump and aims to establish Poland as a leading center for cryptocurrency innovation. However, this vision has sparked debate among global financial experts regarding the possibility of a state-backed Bitcoin treasury, with speculation on Poland’s potential to follow other nations’ footsteps in this area. While Nawrocki himself hasn’t personally invested in cryptocurrencies, his pro-deregulation policy has resonated with many voters, fueling hopes for growth within the industry. However, earlier this year, Poland’s central bank dismissed the idea of incorporating Bitcoin into its national reserves.