Poland's Crypto Bill Stalls Amid Presidential Veto

Poland's crypto regulation remains stalled after lawmakers failed to overturn President Karol Nawrocki's third veto of the legislation. The Sejm voted Friday to override Nawrocki's veto, but supporters remained 25 votes short of the required three-fifths majority. Of 442 lawmakers present, 241 supported the motion, while 198 opposed it and three abstained.

The proposed legislation would have placed the domestic crypto market under the Polish Financial Supervision Authority (KNF), with KNF overseeing crypto-asset service providers, licensing requirements, reporting obligations, and regulatory compliance across Poland's digital asset market. However, Nawrocki has repeatedly argued that the government-backed proposal places excessive regulatory burdens on legitimate crypto businesses.

The defeat follows two earlier failed attempts to overturn presidential vetoes. Nawrocki rejected an initial bill in December 2025 and vetoed a revised version in February 2026. The legislative deadlock creates additional uncertainty for Poland's cryptocurrency industry as the European Union's Markets in Crypto-Assets (MiCA) framework takes effect.

The lack of a fully functioning domestic licensing framework leaves local crypto businesses facing difficult regulatory choices. Around 2,000 virtual asset service providers operate in Poland, while only a small number have secured MiCA authorization elsewhere in Europe. Companies can instead seek licenses in countries such as Lithuania, Latvia, or Germany.