Poland Crypto Regulation Bill Blocked Again Amid Ongoing Legislative Dispute

Poland's crypto regulation bill remains stalled after lawmakers failed to override President Karol Nawrocki's third veto. The Sejm, Poland's parliament, voted on Friday with 241 members in favor of overriding the veto, but fell short of the required three-fifths majority by 25 votes.

The proposed legislation would have placed the domestic crypto market under the Polish Financial Supervision Authority (KNF), requiring crypto-asset service providers to obtain licenses and comply with regulatory requirements. However, Nawrocki has repeatedly argued that the government-backed proposal places excessive burdens on legitimate crypto businesses, potentially driving them to relocate operations elsewhere.

The defeat marks a third failed attempt by lawmakers to overturn presidential vetoes, following earlier rejections in December 2025 and February 2026. With no clear MiCA licensing route in place, Poland's domestic crypto firms now face regulatory uncertainty as the European Union's Markets in Crypto-Assets (MiCA) framework takes effect.

The legislative stalemate has added pressure on companies to seek licenses abroad, particularly in countries like Lithuania, Latvia, or Germany. Meanwhile, an ongoing investigation into collapsed cryptocurrency exchange Zondacrypto continues to fuel political tensions, with Prime Minister Donald Tusk urging lawmakers to support the override.