On Monday (May 11, 2026), another bill on cryptocurrencies was submitted to the Sejm. This time, the bill was submitted by Law and Justice MPs. The main premise of the bill is to introduce a complete ban on cryptocurrency activity in Poland – a completely different position than the one adopted in the bill by Law and Justice MPs from April of this year. Four Law and Justice MPs withdrew from the previous bill, resulting in the bill failing to meet the requirement of at least 15 supporters, which resulted in its withdrawal. In addition to this bill, a separate bill was submitted by the government coalition, the President of the Republic of Poland, Polska 20250, and the Confederation.
What changes does this project bring?
The draft act provides for an amendment to the Act on Counteracting Unfair Market Practices of 23 August 2007 (Journal of Laws of 2007, No. 171, item 1206).
- The issuance, public offering, admission to trading of crypto-assets or other services related to them – have been deemed unfair market practices
Pursuant to Article 4 of the Act, an unfair market practice is:
"a market practice used by traders towards consumers is unfair if it is contrary to good practice and significantly distorts or is likely to distort the market behaviour of the average consumer before, during or after the conclusion of a product contract."
- The draft act grants additional powers to the President of the Office of Competition and Consumer Protection, who, in the event of a justified suspicion that a given entity is conducting cryptocurrency activity, could submit a request to the Internal Security Agency to block a crypto-asset account or a cash account;
- The Office for Personal Data Protection would also be granted additional powers, which, in the event of justified cryptocurrency activity by a given entity, could oblige this entity to delete the internet domain used to conduct activities in the above-mentioned scope;
In addition to additional powers for public authorities, the project provides for the introduction of imprisonment for cryptocurrency activities from 6 months to 8 years, and in the case of property of great value from 12 months to 10 years.
The justification for the bill states that, given the dynamic development of the cryptoasset market, consumer safety and a stable financial market are paramount. Cryptocurrency activity, characterized by transaction anonymity and limited ability to identify the beneficial owner, should be deemed unlawful.
The bill grants entities operating in the cryptocurrency sector two months from the date the law comes into force to cease such practices. Upon termination, these entities would be required to return all funds to customers, free of charge.
However, the adoption of this bill could conflict with regulations in force at the EU level. The MiCA regulation, which takes precedence over member state regulations, grants entities holding a CASP license issued in one member state the right to operate throughout the European Union.
The current draft law could also violate the principle of the European Union's single market and the principle of freedom to provide services. Consequently, its adoption could result in the initiation of proceedings by the European Commission and a referral to the Court of Justice of the European Union.
This article is for informational purposes only and does not constitute legal advice.
Legal status as of May 14, 2026.
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