The Polish government has reintroduced a virtual currency bill that President Karol Navrocki vetoed last week, prompting Prime Minister Donald Tusk to sign the bill to reduce what officials say are national security threats linked to Russia and other former Soviet states, Rzeczpospolita newspaper reported.
The bill, officially known as the Markets in Cryptoassets Act, would align Poland’s regulatory framework with the European Union’s Markets in Cryptoassets (MiCA) regime, which establishes a single rulebook for the oversight of cryptocurrencies across the bloc. The government reintroduced the bill without amendments.
“The official register of companies active in the virtual currency market includes more than 100 companies with direct ties to Russia, Belarus and the countries of the former Soviet Union,” Tusk said, according to the report. “This is a wake-up call and we must ensure the safety of our nation and our people on this issue.”
Tusk said virtual currencies are increasingly being used as vehicles for hostile activities, highlighting the need for stricter oversight. “Unfortunately, virtual currencies often serve as a tool for sabotage, including by enemies of the Polish state, so basic controls are increasingly necessary and essential.”
Nawrocki vetoed the bill last week, saying it would impose unduly strict regulations on the cryptocurrency market. In a statement posted on his website on December 1, he said the bill “poses a real threat to the freedom, property and stability of the Polish people.”
Updated (December 12, 14:29 UTC): Change the verb in the heading to “impulse from pressure.”
Discover more from Earlybirds Invest
Subscribe to get the latest posts sent to your email.
