Poland Crypto Bill Blocked After President Nawrockis Third Veto
Market NewsThe Polish Sejm could not succeed in overriding President Karol Nawrockis third veto of the crypto bill, gaining only 241 votes.Now the framework for the domestic implementation of MiCA in Poland is unclear in light of ongoing political differences. Poland‘s crypto regulation battle hit yet another milestone with the failure of the lawmakers to overcome President Karol Nawrocki’s third veto. The Sejm voted by 241 to 198 to reject the veto, while 3 representatives abstained from voting. Nevertheless, it takes at least 266 votes to override a veto, which means that at least three-fifths of the 442 deputies have to vote for this. Third Override Effort Fails to Meet Criteria The bill would have put Poland‘s cryptocurrency market under KNF jurisdiction. Additionally, it sought to help Poland’s adoption of the Markets in Crypto-Assets Regulation from the European Union. Nawrocki claims that the strategy pursued by the government imposes too much burden on cryptocurrency businesses. Nawrocki has also expressed concerns that stringent rules may drive companies offshore. The President claimed that only one out of 16 amendments suggested by his office was taken into account in the latest legislative round. He is in favor of a different bill which aims at fraud and financial









