During the Warsaw conference Future Finance Summit, emotions ran high — politicians outdid each other with ideas for further limiting the cryptocurrency market in Poland. Amidst the chaos and populist declarations, however, Łukasz Pierwienis, CEO of Binance Poland, stood out as the only one talking about the realities of the industry and the need for reason in regulations.
Politicians are shocking again with their proposals — including a tax on crypto-crypto transactions.
Łukasz Pierwienis from Binance Poland pointed out that Polish regulations are the most restrictive in Europe and called for a rational approach.
CEO of Binance Poland vs. politicians
The Warsaw edition of the Future Finance Summit was supposed to be a debate about the future of finance, but it quickly turned into a showcase of political ignorance towards the cryptocurrency market.
From Adam Gomoła of Poland 2050 came a proposal to tax profits from crypto-to-crypto transactions, even if the investor does not convert to fiat currencies. Meanwhile, Deputy Minister of Finance Jurand Drop once again argued that the current draft law on regulating the cryptocurrency market is the 'best possible' — despite experts warning for months that the document is full of errors and ambiguities.
Amid this chaos, however, one reasonable voice was heard — Łukasz Pierwienis, the head of Binance Poland. In his speech, he pointed out that the Polish cryptocurrency sector is suffocating under the weight of ill-conceived regulations, and communication with regulators resembles an interrogation rather than a dialogue.
"When talking to the Polish regulator, I have the impression that everything I say will be used against me," said Pierwienis.
His words met with widespread support from the cryptocurrency community and representatives of the fintech industry, who emphasize that it is the realistic approach of the CEO of Binance Poland that is needed for the sector to develop in our country — instead of being treated as a threat.
