Poland Crypto Bill Stalls Again After MPs Fail to Override Veto
Polands crypto bill remains blocked after MPs fell 25 votes short of an override.The veto leaves Poland without a fully functioning domestic MiCA licensing system.About 2,000 Polish crypto firms may need to seek MiCA authorization elsewhere. Poland‘s crypto regulatory deadlock continued Friday after lawmakers failed to overturn President Karol Nawrocki’s veto of legislation designed to regulate the cryptocurrency market and establish a domestic licensing system under the European Unions Markets in Crypto-Assets Regulation, or MiCA. The defeat leaves Poland without a fully functioning framework for crypto firms seeking authorization at home, while companies face decisions over whether to seek licenses elsewhere in Europe. The Sejm voted 241-198 in favor of overriding the veto, while three lawmakers abstained. However, supporters needed 266 votes, leaving the government 25 votes short of the required three-fifths majority. Nawrocki has now vetoed the proposed legislation three times. Poland Crypto Bill Divides Government and President The Polish crypto bill would designate the Polish Financial Supervision Authority (KNF) as the regulator overseeing the country‘s crypto market. Nawrocki has argued that the legislation goes beyond what is necessary and could push Polish crypto businesses to relocate. He has also criticized provisions that allow authorities to block websites and restrict companies’ activities. Discover more Digital Currencies Distributed









