The newly elected President of Poland, Karol Nawrocki, is expected to promote the development of the industry with his pro-encryption stance.

Gate News bot report, Polish conservative leader Karol Nawrocki has finally secured 50.89% of the votes and successfully elected as the President of Poland. Nawrocki claims that he personally does not hold any Crypto Assets, but his policy orientation clearly supports loosening regulations and creating conditions favorable for the rise of the Crypto Assets industry. He has pointed out that he hopes Poland will become an "innovation hub for Crypto Assets rather than a regulatory territory."

Despite the Polish central bank's clear rejection of including Bitcoin in national reserves this February, the new president's supportive stance on Crypto Assets is expected to promote the growth of the local industry.

In the short term, observers expect the Nawrocki government to support Crypto Assets startups and blockchain development zones, and may provide tax or regulatory incentives for companies in the Web3 space.

Source: Cryptonews