US EditionPolish parliament upholds crypto veto, brushing aside PM's Russia warning
The veto blocks Poland's attempt to enforce EU crypto rules amid claims of Russian infiltration and national security risks, with 243 MPs supporting but falling 18 votes short.
- On Friday, the Sejm held a classified parliamentary session and an open vote, but the attempt to overturn President Karol Nawrocki's veto failed after Prime Minister Donald Tusk convened the closed meeting.
- Prime Minister Donald Tusk argued the bill was a security measure, warning parts of the crypto market are infiltrated by Russian and Belarusian entities while the draft would implement the European Union's Markets in Crypto-Assets Regulation .
- A majority of 243 MPs, mostly from Prime Minister Donald Tusk's ruling coalition, supported the bill but fell 18 votes short of the three-fifths majority requirement to overturn the veto.
- That leaves consumer-protection and anti-money-laundering aims unresolved as Poland's government failed to increase oversight, while President Karol Nawrocki and right-wing parties argued the measures would drive crypto firms away.
- Earlier this week, Poland charged a Russian citizen accused of coordinating such operations, with prosecutors filing five charges and alleging he led at least 30 operatives for Russia's Federal Security Service .
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Polish Prime Minister Donald Tusk hinted that current President Karol Nawrocki attended an event paid for by Russians, RBC-Ukraine reported, citing Polsat News. According to the publication, this Friday, Tusk criticized the opposition for refusing to support a bill regulating cryptocurrencies, which he claimed Russia was using for political influence. Specifically, at a meeting of the Civic Coalition council, which the prime minister chairs, he …
Cryptocurrency Clash: Polish Government Fails to Overturn Presidential Veto
Poland's government failed to overturn a presidential veto on cryptocurrency regulation, highlighting tensions between Prime Minister Donald Tusk and President Karol Nawrocki. The bill aimed to tighten controls over a market accused of money laundering and exploitation by foreign entities, but faced criticism for being excessively burdensome.
The Sejm (lower house of parliament) overrode President Karol Nawrocki's veto of the crypto-assets bill. The bill introduced regulations for the cryptocurrency market.
Polish parliament upholds crypto veto, brushing aside PM's Russia warning
Poland's government failed to overturn a presidential veto of a bill regulating cryptocurrencies on Friday, hampering its bid to increase oversight of a market it says is plagued by money laundering and open to exploitation by Russian intelligence.
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