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Poland’s president rejects the crypto bill again, risking misalignment with EU MiCA rules as the July 1 licensing deadline approaches.
Poland’s president, Karol Nawrocki, has vetoed the nation’s crypto‑regulation bill for the third time, leaving the country without a domestic law to implement the EU’s Markets in Crypto‑Assets (MiCA) framework just weeks before the July 1 deadline [2]. The move intensifies uncertainty for Polish crypto firms that need a MiCA licence to continue serving EU customers.
Key takeaways
President Nawrocki’s office argued that the draft law incorporated only one of the 16 amendments it proposed, and that the final text resembled earlier versions he had already rejected [2]. He highlighted “risks of excessive regulation, limited transparency in some provisions and potential burdens on small businesses” as reasons for the veto [2]. While he expressed support for regulation, he said the bill “does not go far enough in addressing structural risks” and lacks effective consumer protection [3].
Prime Minister Donald Tusk, who championed the legislation, criticised the veto on social media, describing it as “unbelievable” and suggesting the president was “more entangled in it than everyone thought” [2]. The parliamentary vote that passed the bill in May was narrow—241 to 200—and came after the collapse of Zonda, Poland’s largest crypto exchange, which sparked public concern and intensified calls for tighter oversight [4].
The MiCA regulation requires each EU member state to transpose its rules into national law before July 1, when unlicensed providers must either obtain a MiCA licence or cease EU operations [1]. Across Europe, only about 210 firms have secured such licences, representing roughly 7‑8 % of the 2,747 VASP registrations recorded in 2024 [1]. Smaller firms often struggle with the capital, governance, and cybersecurity requirements imposed by MiCA [1].
If Poland fails to adopt its own MiCA‑compliant legislation, firms registered in the country could lose the legal basis to operate across the bloc, potentially facing relocation, service suspension, or the need to apply for licences in other member states [2]. Regulators and industry participants have warned that delays may leave Polish consumers exposed to fraud and legal uncertainty, especially as investigations into Zonda’s alleged money‑laundering activities continue [2].
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The bill aims to overhaul IRS treatment of digital assets by introducing tax exemptions for small transactions and aligning crypto tax rules with those governing traditional financial instruments.
President Nawrocki has vetoed the legislation multiple times, citing concerns regarding excessive regulation, limited transparency, and potential burdens on small businesses.
The hearing serves as a deadline for the House Ways and Means Committee to discuss potential amendments to the PARITY Act, which could determine the bill's legislative viability.
Poland’s repeated veto underscores a broader tension between national regulatory priorities and the EU’s push for a unified crypto framework. With the July 1 deadline looming, the country risks falling out of step with the rest of Europe, which could diminish its attractiveness to crypto businesses and increase compliance costs for firms that must seek licences elsewhere. The outcome will hinge on whether lawmakers can reconcile the president’s concerns with EU requirements before the deadline, shaping the future of Poland’s crypto market and its integration into the European regulatory landscape.
AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 4 outlets · Jun 13, 2026 · How we report