Poland Crypto Bill Stalls Despite Zondacrypto Scandal Pressure
Poland's Sejm voted on overturning President Karol Nawrocki's veto of the crypto bill, but fell short by 25 votes. The required 266 votes were not reached, with 241 lawmakers voting in favor and 198 against. This setback highlights the challenges in advancing legislation for the crypto market.
The lack of a designated national supervisor for the cryptoasset market is a major compliance issue for market participants. Poland still needs to establish its own regulatory authority, despite the EU's MiCA framework being in effect.
The Zondacrypto scandal has added urgency to the legislative process, with Prime Minister Donald Tusk emphasizing the need for tighter oversight. However, lawmakers must decide whether to amend the bill to address the president's veto concerns while still fulfilling KNF's core requirement for a domestic regulatory authority.