Poland to Re‑vote Crypto‑Asset Market Act after Zondacrypto scandal

Poland’s prime minister, Donald Tusk, said he will request a revote on the Crypto‑Asset Market Act after the president vetoed the bill for the third time. The move comes amid the fallout from the Zondacrypto exchange collapse, which has been described as one of the country’s largest crypto‑related corruption cases.

Background of the scandal

Zondacrypto filed for bankruptcy after customers reportedly lost up to $94 million. The exchange’s former head, Przemysław Kral, has criticised the pending legislation, calling it a “major step backwards” for the national crypto industry.

Political context

The Crypto‑Asset Market Act was vetoed by President Karol Nawrocki on June 11, marking the third presidential veto of the proposal. Tusk accused the president and other senior politicians of receiving bribes linked to the Zondacrypto case, citing alleged cash payments for watches, media, and political foundations.

Regulatory implications

Repeated vetoes have left Poland unable to implement the EU’s MiCA (Markets in Crypto‑Assets) framework, preventing domestic exchanges from registering and operating under clear rules.

Next steps

Tusk said he will ask the speaker of the Sejm to organise a revote, emphasizing that the issue can no longer be ignored. The outcome will determine whether Poland can align its crypto regulations with EU standards.