Crypto: Poland President Vetoes Mica Bill Again As Crypto Companies Look To...
President Karol Nawrocki vetoed a second MiCA crypto bill, saying it was “practically identical” to a previous version, leaving local companies in limbo ahead of a summer MiCA deadline.
Poland’s president vetoed a second bill meant to align the country’s crypto rules with the European Union’s Markets in Crypto-Assets Regulation framework, deepening uncertainty for local platforms as a key transition deadline approaches.
President Karol Nawrocki declined to sign Bill 2064 last week, marking the second veto of proposed legislation to implement the EU’s Markets in Crypto-Assets Regulation (MiCA), the president’s office said Thursday. Nawrocki vetoed a similar measure in December and described Bill 2064 as “practically identical” to the original Bill 1424 vetoed previously.
The veto followed an announcement by the Polish Financial Supervision Authority (KNF), warning that Poland has not designated a competent authority to supervise the crypto market, highlighting the MiCA transition deadline of July 1, 2026.
“This does not change our strategy,” Kanga Exchange co-CEO Sławek Zawadzki told Cointelegraph.
“From the beginning, we considered the possibility that the MiCA-implementing law in Poland might not enter into force in time, and we prepared alternative jurisdictional solutions accordingly,” Zawadzki said.
The veto underscores an ongoing debate and divisions within Poland’s government over how to regulate digital assets, with Nawrocki signaling a more industry‑friendly stance by rejecting the strict legislation.
Both proposals drew criticism from crypto market advocates, with Polish politician Tomasz Mentzen describing the legislation as extensive “overregulation” that could stifle the sector.
“I will not sign a wrong law just because it was passed again by the parliamentary majority. A wrong law that passed a hundred times still remains a wrong law,” Nawrocki said, adding: “Poland should attract innovation, not push it away.”
Despite industry supporters welcoming the president’s veto, the absence of MiCA‑implementing legislation leaves local crypto platforms in a precarious position ahead of this summer’s transition deadlines.
Source: CoinTelegraph
