Nawrocki Blocks Crypto Bill Again, Poland Left Without MiCA Framework

Poland's President Karol Nawrocki has blocked the country's crypto law for the third time, and his party just won re-election. The Sejm fell short of overriding the veto by 25 votes, with 241 in favor and 198 against.

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).

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.