Earlier today, the leader of Law and Justice (PiS), Jarosław Kaczyński, voiced a surprising opinion on cryptocurrencies. Speaking at a press briefing in the Sejm, he said: „I do not deal with cryptocurrencies at all. Personally, I believe they should be banned”. The remarks came in the context of the president’s veto of the act on the crypto-assets market, which was meant to introduce EU regulations in this area. Despite Kaczyński’s personal views, PiS announced its support for the president’s decision, arguing that the act was over-regulated.
Context of the presidential veto
The act on the crypto-assets market was passed by the Sejm on 7 November 2025. Its aim was to implement the EU MiCA regulation (Markets in Crypto-Assets), which seeks to protect investors from abuses such as money laundering and financial fraud. Supporters of regulation stressed that without oversight as many as 20% of clients lose their funds in this market. The President of the Republic vetoed the act, deeming it too restrictive and detrimental to the development of the sector.
Commenting on the president’s decision, Kaczyński said: „The president considers this over-regulation, so we will support him”. At the same time, he announced that PiS would back the veto in the Sejm vote. Notably, the PiS camp is not united on this issue – some younger MPs defend cryptocurrencies, and a former PiS MP, now head of the Chancellery of the President, Zbigniew Bogucki, announced a industry-friendly bill within two weeks.
Reactions from politicians and experts
Kaczyński’s remarks quickly sparked a storm in Polish political circles. Krzysztof Bosak, Deputy Marshal of the Sejm from the Confederation, criticised the PiS leader, writing on X: „Jarosław Kaczyński declared that he personally is in favour of banning cryptocurrencies, some of his younger MPs defend cryptocurrencies, and the chair of the KNF, appointed by his government, hinders the development of the sector”. Bosak stressed that PiS has no coherent programme on this matter, and that Kaczyński „has no idea what he is talking about”. The Confederation proposes simple regulations that enable investment with awareness of the risks, while monitoring the gateways between cryptocurrencies and traditional finance to prevent money laundering.
Similar views were expressed by Sławomir Mentzen of the Confederation, who accused Minister Żurek on X of disclosing secret information from a Sejm sitting, which could constitute a crime.
Broader context: cryptocurrencies in Poland and worldwide
The debate over cryptocurrencies in Poland reflects global trends. The European Union is pursuing regulation via MiCA to protect consumers, but without a complete ban. In Poland the crypto sector is developing but exposed to abuse. Critics of the veto fear that the lack of regulation will facilitate money laundering, including by entities linked to Russia. Advocates of market freedom argue that overly strict law will push firms abroad, depriving Poland of tax revenue and innovation.
Kaczyński’s remarks fit into a broader criticism of his approach to new technologies – from not having a bank account to scepticism towards foreign travel.
