Poland Fails Again to Pass Crypto Law After Presidential Veto

Poland’s parliament has once again failed to override a presidential veto blocking a major crypto regulation bill that is keeping the country in a long-running political deadlock over digital assets.

Another vote took place Friday in Poland, targeting a veto issued by President Karol Nawrocki. According to a local report, lawmakers needed at least 263 votes to cancel the veto and pass the bill into law, but they did not reach that number.

The report said that 243 members of parliament voted in favor of overturning the veto, while 191 voted against it. Despite the majority backing the move, the total did not meet the required threshold. 

What the law Is about

The proposed law is meant to bring Poland in line with the European Union’s Markets in Crypto-Assets Regulation, also known as MiCA. This rule was introduced in 2024, with a goal of regulating crypto asset issuance, and how it is managed across EU countries. 

Right now, Poland is the only EU country that has not yet adopted this system, which makes the delay more important.

Why the president Is blocking it

President Nawrocki has explained why he keeps blocking the bill. He believes the law could create too many rules, and could hurt small businesses that are trying to grow. He also said that the bill may not be clear enough.

Earlier this year, after vetoing the bill again in February, he said, “I will not sign a wrong law just because it was passed again by the parliamentary majority. A wrong law that passed a hundred times still remains a wrong law.” His stance has remained firm despite repeated efforts by lawmakers to move the bill forward.

On the other side, government officials are worried about what could happen if the delay continues. Finance Minister Andrzej Domański said the absence of clear rules could turn the crypto market into an “El Dorado for fraudsters,” meaning it could attract scams and bad actors. He also pointed out that both investors and businesses are left open to risks without clear protection in place.

Previous attempt to push the bill

Meanwhile, this is not the first time lawmakers have tried to push the bill forward. A similar attempt in December also failed. After that, they quickly brought back what they called an improved version of the bill. 

However, some critics said the new version looked almost the same as the old one. Even with the changes, the president still refused to sign it, keeping the bill stuck.

Also Read: ​​CFTC Chair Selig Urges Congress to Send CLARITY Act to President