President Karol Nawrocki vetoed a second MiCA crypto bill because it was “practically identical” to a prior version. This left local businesses in the dark before the summer MiCA deadline.
Poland’s president blocked a second measure that would have brought the country’s crypto regulations in line with the European Union’s Markets in Crypto-Assets Regulation framework. This makes things even more unclear for local platforms as a critical transition deadline approaches.
Last week, President Karol Nawrocki refused to sign Bill 2064. This was the second time he had vetoed a bill that would have put the EU’s Markets in Crypto-Assets Regulation (MiCA) into effect, according to the president’s office on Thursday. In December, Nawrocki vetoed a similar bill and said that Bill 2064 was “practically identical” to the first bill, Bill 1424, which he had also vetoed.
Second veto stalls MiCA implementation in Poland
The Polish Financial Supervision entity (KNF) had just announced that Poland had not chosen a competent entity to oversee the crypto market, bringing attention to the MiCA changeover deadline of July 1, 2026.
Zawadzki added, “From the start, we thought that the MiCA-implementing law in Poland might not go into effect on time, so we made plans for other jurisdictions to handle the situation.”
Political divide over crypto regulation
The veto shows that there is still a lot of disagreement and debate in Poland’s government about how to manage digital assets. By rejecting the severe laws, Nawrocki showed that he is more favourable to the industry.
Crypto market supporters didn’t like either of the plans. Polish legislator Tomasz Mentzen called the laws “overregulation” that might hurt the industry.
“I won’t sign a bad law just because the majority of the parliament voted for it again.” Nawrocki said, “A wrong law that passed a hundred times is still a wrong law.” He also said, “Poland should attract innovation, not push it away.”
Source: President Karol Nawrocki
Regulatory asymmetry and competitive pressure
While the business community is pleased with the president’s veto, local crypto platforms face challenges due to the absence of MiCA-implementing legislation and the approaching summer transition deadlines.
There is also an uneven regulatory environment for Polish enterprises and international organisations, such the US crypto exchange Coinbase, which just opened up in Poland after getting a MiCA license in Luxembourg in 2025.
Foreign companies that get a MiCA license in their home countries will be able to offer services in Poland.” Polish enterprises, on the other hand, don’t have a formal way to start the licensing process in Poland. He went on to say, “This leads to regulatory asymmetry.
Przemysław Kral, the CEO of Zonda Crypto, an exchange that started in Poland but is now registered in Estonia, stated that the lack of clear rules will probably drive a lot of smaller local crypto companies out of business.
After the most recent veto, Polish economist Krzysztof Piech stated he is working on a new proposal that is more sympathetic to cryptocurrencies to put MiCA into effect in Poland. Piech indicated on social media over the weekend that there is a draft and it is being finished.