The President of Poland, Karol Nawrocki, vetoed the law on the cryptocurrency market adopted by the Sejm, arguing that the document threatens the freedoms of Poles, their property, and the stability of the state.

The decision, of course, provoked sharp criticism from some officials (most likely Polish Hetmanets) and is certainly populist, but there is a grain of truth in it. Analogies with our long-suffering draft law come to mind, as the complaints about the Polish counterpart largely coincide with the remarks about it.

How does the president justify his decision?

Navrotsky named several fundamental reasons for refusing to sign the Law:

1) the threat to the freedoms of Poles due to the blocking of websites (the law contained a provision that allowed the authorities to block websites related to the crypto market);

2) excessive regulation. Here everything is clear, almost like with us, - an overly complex and unfavorable system for entering the crypto assets market, excessive requirements, and a large and unjustified volume of necessary documents and bureaucratic procedures;

3) high supervisory fees that will effectively destroy small startups and individual crypto entrepreneurs.

This is, of course, only the main point, but it is important and similar to ours. It should be noted separately that, finally, someone said that this kind of nonsense with regulation will lead to the outflow of crypto projects and capital (and, of course, taxes) from Poland to the Czech Republic, Lithuania, or Malta, whose legislation is more favorable to crypto.

Separately, Mr. Navrotsky noted that this Law in its current form is a distortion of logic, a killing of the competitive market, and a serious threat to innovations.

Bravo, I applaud standing 👏👏👏

Here I want to return to our cadaver (the bill) from Mr. Hetmantsev and co - instead of creating, in essence, a free and democratic market that would attract foreign capital and people, as has already happened in a number of countries, we want to regulate everything so that no investor ever has the desire to come here - as always, glory to the unprofessionalism and limitations of the 'Servants'.

One way or another, under the current president and the current composition of the Council, it is unlikely to happen, and the only thing left to hope for is that our writers lack the brains for all 2500 amendments to the bill and they will pass it on to the next convocation of the Council, where esteemed Ukrainians (maybe) will elect fewer escorts, photographers, and DJs.

Here are the latest news, and I seem to have returned to writing 😁 so, as always, subscribe, like/share, buy $BNB $MORPHO or $2Z and go through the post below to take the red packet and may it bring you happiness 🫱🏼‍🫲🏻#DZTITAN