Feb 13 • 06:34 UTC 🇵🇱 Poland Rzeczpospolita

President Karol Nawrocki vetoed two laws. 'I will not sign bad legislation’

President Karol Nawrocki has vetoed a cryptocurrency regulation bill for the second time, citing persistent fundamental flaws in the legislation despite minor amendments.

President Karol Nawrocki's recent veto of two laws, particularly targeting the legislation concerning the cryptocurrency market, underscores his commitment to legislative integrity. In an official statement, the president expressed his concern over receiving a bill that was nearly identical to a previous version he had already vetoed. He noted that simply being reapproved by the parliamentary majority does not change the inherent issues within the law, emphasizing that bad legislation remains flawed regardless of how many times it is passed. His decision highlights a broader issue within the legislative process where key objections are seemingly ignored, leading to a lack of accountability in governmental decision-making.

Furthermore, President Nawrocki's comments reflect a call for greater collaboration between the government and legislators to create a new, more effective law tailored to the complex landscape of cryptocurrency. He stressed the importance of ensuring that any forthcoming legislation would provide safety in transactions, clear tax regulations, and conditions conducive to the growth of modern technologies. This indicates a potential shift towards a more constructive legislative approach, in which the government actively addresses prior concerns raised by stakeholders, thus enhancing the legislative process's responsiveness and accountability.

In conclusion, Nawrocki's veto not only serves as a warning against rushing legislation without thorough consideration but also advocates for a more engaged and responsible legislative approach moving forward, particularly in fields as dynamic and impactful as cryptocurrency. The implications of this decision could affect future legislation and the cryptocurrency market's development in Poland, as the government is urged to take more time in developing laws that support and protect both businesses and users.

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