Poland crypto bill blocked after third presidential veto

Poland’s lower house failed to overturn President Karol Nawrocki’s third veto of a domestic crypto‑regulation bill, leaving the proposal stalled.

Vote outcome

The Sejm voted 241–198 in favour of overriding the veto, with three abstentions. A three‑fifths majority of 266 votes was required, so the motion fell 25 votes short.

Bill’s purpose

The legislation would have designated the Polish Financial Supervision Authority (KNF) as the regulator for crypto service providers, aligning national rules with the EU’s Markets in Crypto‑Assets Regulation (MiCA). It included licensing, reporting duties and criminal liability for certain violations.

Presidential objections

President Nawrocki supports regulation but argues the government’s version is overly restrictive, could burden Polish crypto firms and push businesses abroad. He has offered an alternative proposal with stronger fraud safeguards and lower costs, which Parliament has not adopted.

Political context

The vote follows two earlier attempts to pass the bill, each blocked by a presidential veto in December 2025 and February 2024. Prime Minister Donald Tusk cited testimony from the Zondacrypto investigation during the latest debate, accusing opposition members of supporting questionable crypto dealings.

Implications

With the override defeated, the current version of the bill cannot progress. The dispute highlights the tension between Poland’s domestic approach to MiCA implementation and the president’s demand for a less burdensome framework.