Polish President Blocks Crypto Bill Again Amid MiCA License Rush

Poland’s president has rejected a second legislative proposal designed to bring the nation’s cryptocurrency regulations in line with the European Union’s Markets in Crypto-Assets Regulation framework, intensifying uncertainty for domestic platforms as a crucial transition period draws near.

President Karol Nawrocki refused to approve Bill 2064 last week, representing the second time he has vetoed legislation aimed at enacting the EU’s Markets in Crypto-Assets Regulation, known as MiCA, according to an official statement from the president’s office released on Thursday. Nawrocki had previously turned down a comparable bill in December and characterized Bill 2064 as essentially identical to the earlier Bill 1424 that he had already rejected.

This latest veto came shortly after the Polish Financial Supervision Authority, or KNF, issued a public notice indicating that Poland has yet to appoint a designated supervisory body for the cryptocurrency sector, thereby underscoring the impending MiCA transition deadline set for July 1, 2026.

Kanga Exchange co-CEO Sławek Zawadzki shared with Cointelegraph that this development does not alter their operational plans. He explained, “We anticipated from the outset that Poland’s law to implement MiCA might not be ready in time, so we developed contingency plans involving alternative jurisdictions.”

Bills Encountered Significant Backlash from Crypto Advocates

The president’s decision highlights persistent disagreements and internal governmental rifts in Poland concerning the appropriate approach to regulating digital assets. Nawrocki appears to favor a more accommodating position toward the industry by opposing what he views as overly stringent rules.

Supporters within the cryptocurrency community heavily criticized both versions of the bill. Polish politician Tomasz Mentzen labeled the proposals as excessive overregulation that threatened to hinder the growth and development of the sector.

Source: President Karol Nawrocki

Nawrocki emphasized his stance by stating, “I refuse to endorse flawed legislation merely because it has been repassed by the parliamentary majority. No matter how many times a bad law is approved, it remains fundamentally flawed.” He further argued that Poland ought to foster innovation rather than drive it away from its borders.

Lack of Legislation Creates MiCA Regulatory Disparities

Although proponents of the cryptocurrency industry have praised the president’s veto, the continued absence of laws to implement MiCA places Polish crypto platforms in a vulnerable spot as summer transition deadlines loom on the horizon.

This regulatory vacuum also generates an uneven playing field between local firms and international competitors. For instance, the U.S.-based cryptocurrency exchange Coinbase has recently broadened its presence in Poland following its acquisition of a MiCA license in Luxembourg in 2025.

Zawadzki of Kanga Exchange pointed out to Cointelegraph, “Entities from other countries holding MiCA licenses will have the ability to offer services within Poland, whereas Polish businesses lack any official domestic route to initiate their licensing applications.” This disparity, he noted, leads to clear regulatory asymmetry that disadvantages local operators.

Przemysław Kral, the CEO of Zonda Crypto—a platform with Polish origins but now headquartered in Estonia—warned that such regulatory ambiguity is poised to force numerous smaller Polish cryptocurrency enterprises out of business entirely. He told Cointelegraph, “Even though we maintain strong Polish roots and hold the dominant position in Poland’s crypto market, we have conducted operations from outside the country for several years now.” Kral revealed that his company pursued a MiCA license abroad with intentions to extend its services back into Poland via passporting provisions. “We are assured of our continued prominence in the market,” he affirmed, “but countless smaller Polish crypto firms will find themselves unable to continue operating.”

Following this most recent veto, Polish economist Krzysztof Piech announced that he is actively developing a fresh, industry-supportive draft bill to facilitate MiCA’s implementation within Poland. Over the weekend, Piech shared on social media that a preliminary version of the proposal is complete and undergoing final refinements.

Krzysztof Piech is putting the finishing touches on a more accommodating bill for MiCA implementation in Poland. Source: Krzysztof Piech

Cointelegraph reached out to Professor Piech for additional details on the draft legislation but had not received a reply at the time of publication.