- Poland‘s president has vetoed a second bill designed to implement the EU’s Markets in Crypto-Assets Regulation (MiCA) framework.
- The veto deepens regulatory uncertainty for local crypto platforms ahead of a key July 1, 2026 transition deadline.
- Industry executives warn the situation creates a regulatory asymmetry, favoring foreign licensed firms over domestic Polish companies.
Poland’s president Karol Nawrocki vetoed a second attempt to align national crypto rules with the European Union’s MiCA framework last week, deepening uncertainty for local platforms. This action, which followed a similar veto in December, was announced by the president’s office on Thursday.
The president’s office stated Nawrocki declined to sign Bill 2064, describing it as practically identical to the earlier rejected proposal. Nawrocki argued, “Poland should attract innovation, not push it away”, siding with industry criticism of the bills as overregulation.
Consequently, the Polish Financial Supervision Authority (KNF) had already warned the country lacked a designated crypto market supervisor. The regulator highlighted the approaching MiCA transition deadline in an official announcement.
However, local exchange Kanga had prepared for this outcome, according to co-CEO Sławek Zawadzki. He warned the situation creates a regulatory imbalance where foreign MiCA-licensed firms can operate in Poland, but domestic companies have no formal licensing path.
Meanwhile, Zonda Crypto CEO Przemysław Kral said many small Polish crypto companies will likely lose their market opportunity. His firm, originally Polish but now Estonian-registered, secured a MiCA license abroad to passport services back.
Consequently, Polish economist Krzysztof Piech is now finalizing a new, more crypto-friendly MiCA implementation proposal. Piech indicated on social media that a draft exists and is being completed for submission.
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