Poland’s president vetoes strict cryptocurrency regulation, causing friction with the government

President Karol Nawrocki vetoed the proposed bill citing risks to personal freedoms and market stability. The bill’s complex regulations could push startups to relocate, undermining the local crypto ecosystem.

The veto has drawn criticism from government officials who warn it may lead to chaos in the crypto market. Critics argue that without regulation, investors could be left vulnerable, risking their savings.

Crypto advocates support the veto, highlighting the European Union’s upcoming regulations designed to protect investors. They argue that the focus should be on pursuing fraud rather than over-regulating the market.