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Poland parliament fails again to override presidential veto on crypto bill
TL;DR
Poland's parliament failed to override President Karol Nawrocki's veto on a crucial crypto regulation bill, with 243 MPs voting against it. This prolongs the uncertainty over digital asset oversight in Poland, the only EU country yet to adopt the EU's crypto framework.
Key points
- Poland's parliament failed to override presidential veto on crypto bill
- President Nawrocki cited concerns over excessive regulation
- Poland is the only EU member state not to implement the EU's crypto framework
Mentioned in this story
Karol NawrockiDonald TuskEuropean Union
Poland’s parliament has once again failed to overturn a presidential veto blocking a key crypto regulation bill, extending the political standoff over how the country should oversee digital assets.
In a vote held Friday, lawmakers fell short of the 263 votes required to override the veto issued by President Karol Nawrocki, local outlet TVP World reported. A total of 243 MPs voted against the veto, while 191 supported it, per the report.
The bill, backed by Prime Minister Donald Tusk, aims to align Poland with the European Union’s Markets in Crypto-Assets Regulation (MiCA), introduced in 2024 to govern the issuance and custody of crypto assets. Poland remains the only EU member state yet to implement the bloc’s framework.
Nawrocki has defended his decision, citing concerns over excessive regulation, limited transparency and the potential burden on small businesses, according to the TVP World report.
However, government officials warn that delaying regulation leaves investors exposed. Finance Minister Andrzej Domański reportedly said the absence of clear rules risks turning the market into an “El Dorado for fraudsters,” adding that both consumers and businesses remain vulnerable to abuse.
Related: Zonda exchange says 4.5K BTC wallet inaccessible amid withdrawal crisis
Poland’s crypto bill faces repeated defeats
The failed overturn of the presidential veto marks the second unsuccessful attempt by the government to push the legislation through after a similar rejection in December.
However, despite the failure, Polish lawmakers reintroduced the regulation within days in December last year. They claimed that the new draft was an “improved” version, though critics said it was virtually unchanged from the original.
Tusk criticizes president for vetoing the bill. Source:
Q&A
What was the outcome of the Polish parliament's vote on the crypto bill?
The Polish parliament failed to gather the required 263 votes to override President Nawrocki's veto, with 243 MPs voting against the veto.
Why did President Nawrocki veto the crypto regulation bill?
President Nawrocki vetoed the bill due to concerns about excessive regulation, limited transparency, and the potential burden on small businesses.
What are the implications of Poland not adopting the EU's crypto framework?
The delay in adopting the EU's Markets in Crypto-Assets Regulation leaves investors vulnerable and risks creating an environment conducive to fraud.
