There is another presidential veto. According to Karol Nawrocki, the new regulations threaten the property of Poles
The President of the Republic of Poland, Karol Nawrocki, refused to sign the act regulating the crypto-assets market. As he explained, in his opinion, the new regulations threaten civil liberties, the property of Poles and the stability of the state.
He also emphasized that most European Union countries use simple warning lists that protect consumers' interests without requiring blocking entire websites or cutting off users from their accounts.
As Leśkiewicz said, the second key reason for the president's decision is the expansion and lack of transparency of the adopted regulations. He pointed out that in countries such as the Czech Republic, Slovakia or Hungary, the relevant provisions fit on several or a dozen pages.while the Polish act includes over a hundred of them. “Overregulation is a simple way to push companies abroad – to the Czech Republic, Lithuania or Malta – instead of creating conditions for them to earn and pay taxes in Poland,” he said.
The next part below the video:
Another veto by Karol Nawrocki
According to Leśkiewicz, the third argument the reason for the veto is the amount of supervisory feeswhich have been set at a level that prevents the development of smaller enterprises and start-ups and favors large foreign corporations and banks. “This is a reversal of logic, a killing of the competitive market and a serious threat to innovation.”
The Act of November 7 was intended to serve, among others, implementation of EU regulations, i.e. the MiCA regulation (The Markets in Crypto-Assets Regulation). According to its provisions, the crypto-asset market was to be subject to the supervision of the Polish Financial Supervision Authority, equipped with appropriate control and supervisory instruments. It was also planned to clarify some of the obligations of issuers of tokens related to assets and tokens serving as e-money, as well as entities providing services related to cryptoassets.
