Poland is debating four cryptocurrencies at once as a ban proposal complicates the vote

Poland’s Sejm is reviewing four competing crypto bills while PiS opponents tabled a separate ban proposal, making MiCA’s implementation a major regulatory dispute.

Poland’s lower house of parliament, the Sejm, is now reviewing four concurrent and competing bills to regulate cryptocurrency after Speaker Włodzimierz Czarzasty confirmed that the official review process has begun, according to a report by The Block. The four proposals come from the government, the presidency, the Poland 2050 party and the Confederation party, indicating a fractured political situation where no single party commands enough support to pass a unified crypto framework alone. A second reading vote is expected on Thursday.

Four bills, one parliament, and a side ban motion

Legal conflict has its roots in legal and legal conflict. President Karol Nawrocki has already vetoed crypto-related legislation twice, and the current review of many bills is part of the result of those vetoes that forced the Sejm to restart negotiations from the beginning. The core technical dispute is small but consequential: how much power should the Polish Financial Supervision Authority (KNF) have over crypto firms, especially its ability to freeze accounts and impose high fines. The president’s draft includes fines of about 20 million zlotys, equivalent to about 5.5 million dollars, while the version of the Ministry of Finance pushes that ceiling to 25 million zlotys, or about 6.9 million dollars – a 25% gap that shows a deep disagreement about whether the crypto regulatory regulatory posture should prioritize the protection of Poland or prioritize.

In an already complicated debate, the opposition Law and Justice (PiS) party dropped a separate bill on Monday calling for a complete ban on activities related to crypto assets in Poland. PiS had previously withdrawn support for previous regulatory proposals, and its draft ban will be officially revised after the four main bills have been considered, according to Speaker Czarzasty. The Speaker also used the occasion to raise specific questions about potential political finance issues in the crypto sector, specifically referring to the Polish Zondacrypto exchange and asking whether industry funding has influenced political activities – a line of inquiry that puts a corruption subtext in what was a technology regulatory debate.

Poland’s crypto bill chaos in post-MiCA Europe

Disagreement in the Polish parliament is unusual within the context of the European Union. MiCA – Regulation of Crypto-Assets Markets – became fully operational in all 27 EU member states in December 2024, providing exchanges, stablecoin producers and crypto asset service providers with a harmonized licensing framework that national legislatures must implement instead of abolishing. Therefore, Poland does not argue whether it should regulate crypto under MiCA, which is already in force, but rather how aggressively to set national enforcement limits on the basis of the EU, a difference that makes the direct ban proposal of PiS a legal and political problem.

In the wider European crypto market, Poland is more important than its size might suggest. The country has the largest base of crypto users in Central and Eastern Europe, and Zondacrypto – formerly known as BitBay – is one of the oldest and most profitable local exchanges, now operating under a temporary license of MiCA. The regulatory effect that imposes the power to close KNF accounts and the imposition of 6.9 million penalties can be widely applied to older players, while a direct ban, even if constitutional and EU law is challenged, can quickly create operational uncertainty. As the story of crypto.news about the overhaul of the Australian capital gains tax showed, heavy crypto markets are very sensitive to sudden changes in the legal and tax treatment of digital assets, and Thursday’s vote in Poland – regardless of its outcome – will be carefully watched by exchanges and compliance groups operating across the eastern EU.