🇵🇱 POLISH PRESIDENT VETOES CRYPTO BILL FOR THE THIRD TIME Polish President Karol Nawrocki has vetoed legislation regulating Bitcoin and crypto assets for a third time, arguing the bill failed to address his previous objections and imposed excessive burdens on the industry.
The legislation was designed to implement the EU’s Markets in Crypto-Assets (MiCA) framework and establish a domestic licensing regime for crypto companies under Poland’s financial regulator.
Nawrocki and his allies have repeatedly argued that Poland’s version of MiCA goes beyond what is necessary and could push Bitcoin and crypto businesses to relocate to more crypto-friendly EU jurisdictions with simpler regulatory regimes.
The dispute has become one of the biggest crypto policy battles in Europe. Prime Minister Donald Tusk’s government says the law is needed to protect consumers, combat money laundering, and bring Poland into compliance with EU rules, while opponents warn it would stifle innovation and drive investment abroad.
The veto leaves Poland in a unique position ahead of the EU’s July 1 deadline. MiCA remains directly applicable across the European Union, but without national implementing legislation Poland lacks a fully operational licensing framework, creating uncertainty for domestic crypto firms and potentially encouraging businesses to seek authorization elsewhere in the EU.
The bill had already been vetoed twice before, making this the third rejection in less than a year and extending the standoff between Poland’s president and government over the future of Bitcoin and crypto regulation.
