Polish President Vetoes Cryptocurrency Bill for Third Time
- President Karol Nawrocki vetoed a cryptocurrency regulatory bill aimed at implementing the EU’s Markets in Crypto Assets Regulation (MiCA).
- The president stated that only one of the proposed sixteen amendments from his office was included in the latest draft.
- Polish Prime Minister Donald Tusk criticized the veto, claiming it is “unbelievable” that the bill was rejected again.
- The veto coincides with an investigation into Zonda, one of Poland’s largest crypto exchanges, for alleged fraud and money laundering involving around 2,000 customers.
- Zonda’s CEO reported issues with accessing a cold wallet containing approximately 4,500 Bitcoin (BTC), linked to its missing founder.
The repeated veto of the cryptocurrency bill raises concerns about regulatory clarity in Poland as investigations into local exchanges intensify. The scrutiny on Zonda highlights potential risks within the country’s crypto sector amid ongoing legal challenges.
With this being the third veto, it underscores significant obstacles for regulatory progress in Poland’s cryptocurrency landscape while investigations into exchanges like Zonda continue to unfold. (Source)
