Poland’s president vetoed a second invoice meant to align the nation’s crypto guidelines with the European Union’s Markets in Crypto-Property Regulation framework, deepening uncertainty for native platforms as a key transition deadline approaches.
President Karol Nawrocki declined to signal Invoice 2064 final week, marking the second veto of proposed laws to implement the EU’s Markets in Crypto-Property Regulation (MiCA), the president’s workplace stated Thursday. Nawrocki vetoed the same measure in December and described Invoice 2064 as “virtually similar” to the unique Invoice 1424 vetoed beforehand.
The veto adopted an announcement by the Polish Monetary Supervision Authority (KNF), warning that Poland has not designated a reliable authority to oversee the crypto market, highlighting the MiCA transition deadline of July 1, 2026.
“This doesn’t change our technique,” Kanga Alternate co-CEO Sławek Zawadzki informed Cointelegraph.
“From the start, we thought-about the chance that the MiCA-implementing legislation in Poland won’t enter into power in time, and we ready different jurisdictional options accordingly,” Zawadzki stated.
Payments confronted heavy criticism from crypto supporters
The veto underscores an ongoing debate and divisions inside Poland’s authorities over the best way to regulate digital belongings, with Nawrocki signaling a extra business‑pleasant stance by rejecting the strict laws.
Each proposals drew criticism from crypto market advocates, with Polish politician Tomasz Mentzen describing the laws as in depth “overregulation” that would stifle the sector.
“I can’t signal a mistaken legislation simply because it was handed once more by the parliamentary majority. A mistaken legislation that handed 100 instances nonetheless stays a mistaken legislation,” Nawrocki stated, including: “Poland ought to entice innovation, not push it away.”
Nonetheless, no legislation creates a regulatory imbalance underneath MiCA
Regardless of business supporters welcoming the president’s veto, the absence of MiCA‑implementing laws leaves native crypto platforms in a precarious place forward of this summer time’s transition deadlines.
The scenario additionally creates a regulatory imbalance between Polish firms and international companies, such because the US crypto change Coinbase, which just lately expanded operations in Poland after securing a MiCA license in Luxembourg in 2025.
“Overseas entities that receive a MiCA license of their dwelling international locations will be capable to present providers in Poland, whereas Polish firms at the moment haven’t any formal path to start the licensing course of domestically,” Kanga’s Zawadzki informed Cointelegraph. “This leads to regulatory asymmetry,” he added.
Przemysław Kral, CEO of Zonda Crypto — an change initially arrange in Poland however now registered in Estonia — stated the regulatory uncertainty is more likely to push many smaller native crypto firms out of the market.
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“Though we’re an organization with Polish roots and the most important participant within the crypto business on the Polish market, now we have been working exterior Poland for years,” Kral informed Cointelegraph. The corporate carried out a method to acquire a MiCA license exterior Poland and plans to passport the license to the nation.
“We’re assured that we are going to stay a key participant in the marketplace. Nonetheless, many small Polish crypto firms will lose the chance to function in the marketplace,” the CEO stated.
Within the wake of the most recent veto, Polish economist Krzysztof Piech stated he’s engaged on a brand new, extra crypto-friendly proposal to implement MiCA in Poland. Piech stated on social media over the weekend {that a} draft exists and is being finalized.
Cointelegraph approached professor Piech for remark relating to the draft invoice, however had not acquired a response by publication.
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