Poland Falls Behind in Cryptocurrency Dispute Due to Politicians
The law implementing EU regulations has already been vetoed three times by the president, and entrepreneurs have fled abroad in panic. Poland should be marked in red on the map of Europe as a "hostile place for cryptocurrencies."
Even worse, scandals are emerging that show how far behind we are. If state institutions cannot effectively protect citizens' assets, we have a serious problem. Polish streamer Szymon "Szymool" Besser painfully learned this when he claimed that after his devices were secured by tax authorities, funds worth approximately 7.6 million PLN disappeared from his wallet.
Millions Disappeared from the Wallet
The story began on November 20, 2025. Officers from the National Revenue Administration detained Szymon Besser in connection with proceedings regarding the promotion of illegal gambling platforms in Poland. However, what happened next turned out to be much more significant for the cryptocurrency market.
During the proceedings, the streamer’s iPhone and iPad were secured. The devices were sent for forensic analysis. According to Besser's account, a note synchronized via iCloud containing seed phrases to recover access to the cryptocurrency wallet was on the device.
The wallet contained at least 2.111 million USDT. At the beginning of April, this was worth approximately 7.6 million PLN. On April 1, 2026, the funds were transferred. Besser claims he did not authorize the transaction. Moreover, it was on that day that IT specialists were supposed to finish analyzing the devices and return them to the Opole Customs and Tax Office.
Eight days later, another transfer was made from the same wallet, this time 10,000 USDT, which was then supposed to be exchanged for Bitcoin. The streamer published materials suggesting that one of the operations might have been linked to an IP address located in Opole.
The Opole Tax Administration firmly rejected any suggestions regarding the involvement of its employees in the seizure of cryptocurrencies and announced legal action to defend their good name.
From a Notorious Case to a Political War
Polish authorities cannot handle cryptocurrencies, period. But on the other hand, it is not surprising since the debate about implementing the European MiCA regulation has been ongoing for months.
Jarosław Kaczyński, the president of the Law and Justice party, recently publicly declared that he would support a law introducing a total ban on cryptocurrencies. However, such a scenario would be extremely difficult to implement in practice. The state could limit the activities of exchanges, currency exchanges, or advertisements related to cryptocurrencies. It could complicate banks' cooperation with the industry or block access to selected services. However, this would not mean the disappearance of Bitcoin or other digital assets.
History shows that investors quickly find alternative ways to use foreign platforms. A much more likely effect would be the relocation of legal businesses outside Poland and further outflow of taxes, specialists, and innovations.
Three Presidential Vetos
Paradoxically, the biggest defender of the domestic cryptocurrency industry turned out to be President Karol Nawrocki. He has vetoed the law implementing regulations regarding the crypto asset market three times. The president argued that he does not oppose the regulations themselves. In his opinion, the problem is the way the government decided to implement EU regulations. According to the president's office, the project significantly exceeded the requirements of MiCA.
Criticism primarily concerned the very broad powers related to the ability to block internet domains, high fees for supervision, and additional obligations imposed on entrepreneurs. The argument regarding the scale of the regulations was particularly pronounced.
While some countries implemented MiCA with a few pages of national regulations, the Polish law consisted of over a hundred pages and introduced a number of additional requirements. According to the president, this could effectively discourage domestic startups and favor the largest foreign players.
Without the Law, We Cannot Protect Investors
The Ministry of Finance, however, presents a completely different argument. According to the government, new regulations are necessary for the Financial Supervision Commission to effectively supervise the market.
The project provides for a licensing system for cryptocurrency companies, the ability to impose administrative sanctions, block accounts, and register domains conducting illegal activities in a special register.
Finance Minister Andrzej Domański has repeatedly emphasized that the goal of the law is primarily to increase investor safety and reduce the risk of money laundering, financing terrorism, and activities of entities subject to international sanctions.
As a result, two completely different narratives have emerged.
The government argues that without new regulations, investors remain without adequate protection. The president responds that the project will primarily hit legally operating businesses without solving the problem of fraudsters.
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
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