Polish President Karol Nawrocki has rejected a comprehensive bill aimed at regulating the nation’s cryptocurrency market, an action that has been met with both support and criticism. The bill, which was introduced in June and passed by parliament earlier this month, would have mandated stricter licensing, monitoring, and enforcement measures for businesses operating within Poland’s rapidly expanding digital asset sector. However, President Nawrocki vetoed the legislation due to concerns that it infringed upon Poles’ rights, property, and national stability. His office argued that several sections of the bill granted excessive authority to financial regulators, including the power to block access to crypto platforms and seize digital assets without sufficient judicial oversight. This move has sparked debate across political lines. Supporters of the veto argue that the legislation could stifle innovation and push entrepreneurs away from Poland to more lenient jurisdictions. However, the government insists that clearer regulations are necessary to address fraud, money laundering, and market manipulation in the digital asset sector. They believe the veto leaves Poland behind its European neighbors as the EU’s Markets in Crypto-Assets (MiCA) framework takes shape. The move opens the door for a new political battle in Warsaw. Lawmakers now face the challenge of deciding how to proceed – either to try and override the veto, revise the controversial sections, or start from scratch. This decision reflects the global debate about government regulation of crypto markets: whether strict measures protect consumers or stifle innovation.