Poland Fails to Override Crypto-Law Veto, Leaving Licensing Gap

Poland's lawmakers failed to override President Karol Nawrocki's veto on a crypto-law bill, leaving a licensing gap that treats domestic applicants differently from firms authorized elsewhere in the EU.

The Sejm fell short of the required majority, with 241 members supporting the motion and 198 voting against it. This means Poland lacks a formally designated MiCA supervisor, which prevents domestic CASP applications from being completed.

EU-authorized providers can still enter Poland through the regulation's cross-border notification procedure, but this distinction places Polish applicants at a structural disadvantage in their home market.

The legislative gap has been ongoing for over a year and a half since MiCA became fully applicable. The KNF confirmed that providers authorized elsewhere in the bloc can continue operating in Poland after notifying their home regulator.