Poland blocks its own crypto future for the third time as MiCA deadline passes

The Sejm fell 25 votes short of overriding President Nawrocki’s veto, leaving Poland as the only EU member state without a domestic crypto licensing framework and forcing roughly 2,000 firms into regulatory exile. Summary Poland’s lower house voted 241 to 198 to override President Karol Nawrocki’s veto, falling 25 votes short of the 266 needed for a three-fifths supermajority. The failed bill would have placed crypto firms under the Polish Financial Supervision Authority (KNF) and aligned domestic rules with the EU’s Markets in Crypto-Assets Regulation (MiCA). Nawrocki has now vetoed three successive versions of the legislation since December 2025, arguing each time that the proposed rules create excessive burdens and could drive companies abroad. Poland is now the only EU member state without a functioning MiCA framework, leaving an estimated 2,000 crypto firms unable to obtain domestic authorization. The regulatory vacuum deepens as the Zondacrypto fraud investigation widens, with losses exceeding 350 million zlotys and the exchange’s Estonian operator declared bankrupt in August 2026. Every member state in the European Union has managed to stand up a domestic framework for the M...