The ongoing political stalemate over crypto regulations in Poland continues as the parliament was unable to gather the necessary votes to override a presidential veto on a significant bill. In a recent vote on Friday, only 191 members supported the bill, while 243 opposed it, falling short of the 263 votes needed to challenge President Karol Nawrocki's veto, according to local media.
Prime Minister Donald Tusk has backed the legislation, which seeks to align Poland with the European Union’s Markets in Crypto-Assets Regulation (MiCA), introduced in 2024. Poland is currently the only EU nation yet to implement the framework, leaving investors vulnerable according to officials like Finance Minister Andrzej Domański. He expressed concerns that the lack of regulation may facilitate fraudulent activities, stating that the market could become an “El Dorado for fraudsters.”
This was the second attempt to pass the legislation after a similar failure in December. Despite the setback, lawmakers reintroduced the bill shortly thereafter, claiming it was an improved draft, although critics argue it was largely unchanged. Tusk has publicly criticized Nawrocki for the veto, which the president defended by citing potential regulatory burdens and the need for transparency.