Poland debates four crypto bills at once as ban proposal complicates vote

Poland’s Sejm is reviewing four rival crypto bills while the PiS opposition dangles a separate ban proposal, turning MiCA implementation into a high‑stakes regulatory brawl.

Poland’s lower house of parliament, the Sejm, is now reviewing four simultaneous and competing cryptocurrency regulatory bills after Speaker Włodzimierz Czarzasty confirmed the formal review process has begun, according to reporting by The Block. The four proposals come from the government, the presidential office, the Poland 2050 party and the Confederation party, reflecting a fractured political landscape in which no single faction commands enough support to pass a unified crypto framework on its own. A second reading vote is expected as early as Thursday.

Four bills, one parliament, and a ban proposal on the side

The legislative deadlock has roots in executive-legislative conflict. President Karol Nawrocki has already vetoed crypto-related legislation twice, and the current multi-bill review is in part a consequence of those vetoes forcing the Sejm to restart negotiations from scratch. The core technical dispute is narrow but consequential: how much enforcement power the Polish Financial Supervision Authority (KNF) should have over crypto firms, specifically its ability to freeze accounts and impose maximum fines. The presidential draft caps penalties at approximately 20 million zlotys, equivalent to about $5.5 million, while the Ministry of Finance’s version pushes that ceiling to 25 million zlotys, or roughly $6.9 million — a 25% gap that reflects a deeper disagreement about whether Poland’s crypto regulatory posture should prioritize innovation or investor protection.

Into that already complicated debate, the opposition Law and Justice party (PiS) dropped a separate bill on Monday calling for a complete ban on crypto asset-related activities in Poland. PiS had previously withdrawn support for earlier regulatory proposals, and its ban draft will only enter formal review after the four main bills are processed, according to Speaker Czarzasty. The Speaker also used the occasion to raise pointed questions about potential political financing issues in the crypto sector, specifically referencing Polish exchange Zondacrypto and asking whether industry funding had influenced political activities — a line of inquiry that injects a corruption subtext into what had been a relatively technical regulatory debate.

Poland’s crypto bill chaos in a post-MiCA Europe

The Polish parliamentary standoff is unusual within the European Union context. MiCA — the Markets in Crypto-Assets regulation — entered into full force across all 27 EU member states in December 2024, giving exchanges, stablecoin issuers and crypto asset service providers a harmonized licensing framework that national legislatures are supposed to implement rather than override. Poland is therefore not debating whether to regulate crypto under MiCA, which already applies, but rather how aggressively to set national enforcement parameters on top of the EU baseline, a distinction that makes PiS’s outright ban proposal legally problematic as well as politically radical.

For the broader European crypto market, Poland matters more than its size might suggest. The country has one of the largest retail crypto user bases in Central and Eastern Europe, and Zondacrypto — formerly known as BitBay — is one of the continent’s older and better-capitalized domestic exchanges, now operating under a MiCA transitional license. A regulatory outcome that imposes KNF account-freeze powers and $6.9 million penalty ceilings would be broadly workable for established players, while an outright ban, even if constitutionally and EU-law challengeable, would create immediate operational uncertainty. As a crypto.news story on Australia’s capital gains tax overhaul showed, retail-heavy crypto markets are highly sensitive to sudden shifts in the legal and tax treatment of digital assets, and Poland’s Thursday vote — whatever its outcome — will be closely watched by exchanges and compliance teams operating across the EU’s eastern flank.