Tusk Seeks Re-Vote on Crypto Law Amid Zondacrypto Scandal Fallout

Polish authorities are reevaluating the need for clear regulations to protect citizens from cryptocurrency fraud after the Zondacrypto scandal. The exchange has become one of the largest crypto-linked corruption cases in Poland, with affected customers losing up to $94 million.

Tusk, a Polish official, commented on the situation during a council of ministers meeting to draft the 2027 budget. He lamented that the budget preparation was overshadowed by the Zondacrypto bankruptcy and the recent detention of Polish Olympic Committee President Radosław Piesiewicz in a corruption probe.

Tusk stated that he would ask the Speaker of the Sejm to organize a re-vote on the Crypto-Asset Market Act, which was vetoed by President Karol Nawrocki a third time on June 11. He directly pointed his finger at President Nawrocki's involvement in the Zondacrypto bankruptcy scandal.

The vetoes left Poland in a sort of limbo, without the capacity to administer the Market in Crypto Assets (MiCA) regulation provisions. As a result, national exchanges are still unable to register in Poland.