Poland Fails Third Time to Override Crypto Bill Veto

The Polish parliament failed to override President Karol Nawrocki's third veto of a crypto-asset bill on September 4, leaving Poland without a domestic supervisory framework under the European Union's Markets in Crypto-Assets Regulation (MiCA). The bill, which would have designated the Polish Financial Supervision Authority (KNF) as the country's crypto regulator and aligned domestic rules with MiCA, was voted down by 241 lawmakers to 198 against, three abstentions, and a required threshold of 266.

Nawrocki has vetoed the bill twice before, citing concerns that the government's version is too restrictive. He proposed an alternative version with stronger fraud safeguards without excessive costs. The president's office said it would offer more flexibility for crypto companies while still meeting EU requirements.

Poland remains the only EU member state without a dedicated MiCA supervisor, creating a gap that has already pushed some crypto businesses to secure licenses through other EU regulators. This move is expected to further pressure smaller firms out of the market as they struggle to meet the July 1 deadline for obtaining MiCA compliance.