Poland's lack of a designated authority to oversee the crypto market has raised concerns as the transition deadline for the EU’s Markets in Crypto-Assets Regulation (MiCA) approaches. President Karol Nawrocki recently vetoed Bill 2064, marking the second rejection of proposed legislation aimed at aligning national regulations with the EU framework, following a similar veto of Bill 1424 in December.
This decision comes in the wake of a warning from the Polish Financial Supervision Authority (KNF) about the absence of necessary regulatory measures. Nawrocki emphasized his commitment to fostering innovation in Poland, stating that he would not endorse flawed legislation merely due to parliamentary support. He described the bills as excessive and detrimental to the crypto sector.
As local platforms face uncertainty, the situation creates disparities between Polish companies and foreign competitors, particularly those like Coinbase, which secured a MiCA license in Luxembourg and aims to expand in Poland. The deadline for MiCA compliance is set for July 1, 2026, leaving many local stakeholders in a vulnerable position.