Poland Crypto Bill Stalls as Zondacrypto Scandal Widens Amid Veto
Polish lawmakers have once again failed to secure the three-fifths majority needed to override President Karol Nawrocki's veto of legislation aimed at strengthening oversight of the country's crypto market.
The Sejm, Poland's lower house of parliament, voted 241-198 in favor of overriding the veto, with three abstentions, but fell short of the 266 votes required by 25.
Nawrocki has vetoed crypto legislation three times, citing concerns that the proposed rules would overregulate the industry and impose excessive regulatory costs on authorities.
The lack of a designated authority responsible for supervising the cryptoasset market remains an issue in Poland, as it does not meet the requirements of the European Union's Markets in Crypto-Assets Regulation (MiCA).