Tusk is harsh on the president's veto. “In the background, big money, scandals and the missing king of cryptocurrencies”
2025-12-02 11:43
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2025-12-02 11:43
To say that the president's veto on cryptocurrencies is ambiguous is an understatement, Prime Minister Donald Tusk wrote on Tuesday, referring to President Karol Nawrocki's veto of the bill on the crypto-assets market.
“In the background there is big money, scandals and investigations, the mysterious disappearance of the 'king of cryptocurrencies', support for the radical right campaign with the participation of presidents Duda and Nawrocki. It looks bad,” the Prime Minister wrote on the X platform.
To say that the president's veto on cryptocurrencies is ambiguous is an understatement. In the background there is big money, scandals and investigations, the mysterious disappearance of the “king of cryptocurrencies”, support for the campaign of the radical right with the participation of presidents Duda and Nawrocki. This looks bad.
— Donald Tusk (@donaldtusk) December 2, 2025
The presidential office announced its veto of the bill on the crypto-assets market on Monday evening. As she explained, the act provides for the government to be able to disable the websites of companies operating on the cryptocurrency market with one click, and the provisions on blocking domains are opaque and may lead to abuse. It was added that other issues include the lack of transparency in the adopted solutions and the amount of supervisory fees. It was assessed that they were set at a level that would prevent the development of small companies and startups and would favor foreign corporations and banks.
Referring to the presidential veto, Minister of Finance and Economy Andrzej Domański stated on Monday that it was against customers and investors of the crypto-asset market. In his entry on X, the minister stated that 20 percent is now customers lose money as a result of abuses in the crypto-asset market. “We wanted to protect them, the President chose chaos and takes full responsibility for his actions,” Domański wrote.
In a November interview with PAP, the deputy minister of finance Jurand Drop emphasized that if there is no act on the cryptocurrency market, companies operating on it will have to register in a country other than Poland. He added that this would also mean a loss of tax revenues from these companies.
There was supposed to be a million bribe, but there was a million reward. The mysterious disappearance of the Polish king of cryptocurrencies
For almost two years, Sylwester Suszek's family has not known what is happening to him. He is the creator of the Polish cryptocurrency exchange BitBay, whose daily turnover at its peak exceeded PLN 1 billion. Some time ago, there was a lot of talk about an alleged bribe of one million zlotys so that the journalists of “Superwizjer” would stop being interested in the stock exchange matter, then one million zlotys was offered for any information about the missing person.
We remind you of our text from January 2024.
Why the Act?
The purpose of the vetoed bill – passed by the Sejm on November 7 this year. – is, among others, implementation of EU regulations, i.e. the MiCA regulation (The Markets in Crypto-Assets Regulation). Pursuant to the act, supervision over the crypto-assets market would be exercised by the Polish Financial Supervision Authority, equipped with appropriate supervisory and control tools. Some obligations of issuers of asset-linked tokens and e-money tokens, as well as crypto-asset service providers, have been clarified.
In the event of a violation of the regulations, the Polish Financial Supervision Authority could make entries in its register of unfair Internet domains used to conduct activities in the field of cryptoassets. This would protect customers and the market against dishonest entities.
The Act introduced criminal liability for crimes committed, among others, in connection with the issuance of tokens or the provision of crypto-asset services without prior notification to the Polish Financial Supervision Authority. The perpetrators of the most serious violations would be threatened with, among others: a fine of up to PLN 10 million.
The vetoed provisions also provide for the regulation of online currency exchange offices – they were also to be supervised by the Polish Financial Supervision Authority. Pursuant to the act, online currency exchange offices were to maintain individual payment accounts for their clients, which would enable, among others, protecting customers' money and allowing them to have access to it at any time. (PAP)
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