Poland's Central Bank Rejects Bitcoin, But Presidential Candidate Vows to Make Poland a "Crypto Haven"

Poland's central bank, the National Bank of Poland (NBP), has decided against incorporating Bitcoin (BTC) into its national reserves, citing concerns over the cryptocurrency's stability and security. In a press conference on February 7, NBP President and Chairman of the Monetary Policy Committee Adam Glapiński stated, "We will not consider Bitcoin because reserves must be secure." This decision aligns with Europe's broader rejection of cryptocurrencies as reserve assets among central banks, which are cautious about digital assets and prefer traditional investments like gold, U.S. dollars, and euros.

The NBP's conservative stance on cryptocurrencies is not set in stone, as Poland's upcoming presidential election in May could potentially shift the country's approach to digital assets. Sławomir Mentzen, a candidate from the Confederation (Konfederacja) party, has expressed plans to make Poland a "cryptocurrency haven" and establish a Bitcoin reserve for the country. Although Mentzen's party currently holds only 18 out of 460 seats in Poland's parliament and has up to 12% support in recent polls, his election could introduce pro-crypto policies similar to those implemented by U.S. President Donald Trump.

In less than a month, Trump has significantly altered the crypto trajectory in the U.S. by signing an executive order on cryptocurrencies, which created a working group of essential officials focused on changing how the country deals with digital assets. The group includes the U.S. Treasury Secretary, Attorney General, Securities and Exchange Commission (SEC) Chair, Commodity Future Trading Commission (CFTC) Chair, members of Trump's cabinet, and other agency leaders.