Poland's President Vetoes Second Crypto Regulation Bill Amid Regulatory Asymmetry Concerns

Poland's President Karol Nawrocki has vetoed a second bill aimed at aligning the country's cryptocurrency regulations with the European Union's MiCA framework. The latest Bill 2064, which was deemed 'practically identical' to the original Bill 1424 that Nawrocki rejected in December, is set to expire due to lack of implementation legislation.

Without formal domestic legislation, Polish crypto platforms face challenges in obtaining licenses required under EU rules. This regulatory imbalance favors foreign-licensed operators like Coinbase, which secured a MiCA license in Luxembourg in 2025 and has expanded into Poland using that license.

A growing number of Polish companies are seeking alternative solutions to mitigate the impact of Nawrocki's veto. Sławek Zawadzki, co-CEO of Kanga Exchange, noted that foreign entities with MiCA licenses can provide services in Poland while domestic platforms currently lack a formal path to licensing.

Polish economist Krzysztof Piech has proposed an alternative implementation bill designed to be more cryptocurrency-friendly. However, it remains unclear whether the proposal will gain enough political support before the July 1, 2026 deadline for MiCA transition.