Polish Parliament Debates Four Crypto Bills, PiS Party Proposes Separate Ban Draft

According to The Block, Włodzimierz Czarzasty, Speaker of the Polish Sejm (lower house of parliament), announced that the Sejm has officially launched debates on four competing cryptocurrency-related bills—submitted respectively by the government, President Karol Nawrocki, the Poland 2050 party, and the Coalition Party—with the second reading scheduled for this Thursday. Previously, President Nawrocki had vetoed cryptocurrency legislation twice. The main point of contention between the government’s and the president’s proposals concerns the account-freezing authority of the Polish Financial Supervision Authority (KNF) and the upper limit for fines: the president’s proposal retains the maximum fine at 20 million PLN (approximately USD 5.5 million), whereas the Ministry of Finance’s draft raises it to 25 million PLN (approximately USD 6.9 million). Meanwhile, lawmakers from the Law and Justice Party (PiS) withdrew their earlier market-regulation bill—originally submitted in April—on Monday and instead introduced a new proposal that would comprehensively ban cryptocurrency activities within Poland. Speaker Czarzasty stated that the ban proposal will only enter the legislative process after the four primary regulatory bills have been reviewed. He also raised questions regarding financial ties between the cryptocurrency exchange ZondaCrypto and Polish politicians, and probed the underlying motivations behind President Nawrocki’s two vetoes of cryptocurrency legislation.