Polish President Karol Nawrocki has submitted a cryptocurrency bill to the Sejm, offering an alternative to the government’s earlier crypto-asset proposals and arguing that existing drafts have not provided effective investor protection.

Zbigniew Bogucki, head of the president’s office, said the government’s existing laws on crypto assets had failed to protect investors effectively. Nawrocki’s bill is intended to address that gap while avoiding what he has described in earlier disputes as excessive regulation of the sector.

According to the proposal described by the president’s office, the bill would require mandatory communications to investors before they deposit funds on exchanges. It would also require court approval for any extension of a freeze on the bank accounts of projects deemed suspicious.

The draft further includes a safeguard allowing compensation claims against the State Treasury in cases where state authorities act erroneously. That places investor protection and state accountability alongside limits on enforcement discretion as central elements of the proposal.

The bill arrives amid an ongoing clash between the presidency and the government over how crypto rules should be designed. Nawrocki has already vetoed government bills three times on the grounds that they could overregulate the market. A recent attempt to override one of those vetoes on September 4 did not secure enough votes, and the government has said it plans to put forward another bill that could resemble earlier versions.

Why It Matters

This is a policy story with direct implications for how crypto regulation may develop in Poland. Rather than centering only on tighter controls, the president’s proposal combines investor warnings, judicial oversight of enforcement actions, and possible state liability for mistakes. That approach could influence how lawmakers balance consumer protection with operating conditions for exchanges and other crypto firms.

The broader significance is that the market is not just watching a draft law, but a contested regulatory process. For crypto businesses, the final outcome may depend less on one proposal than on whether Poland’s institutions can converge on a framework that is enforceable without being seen as overreaching.