Poland | Crypto

Poland’s parliament is in a deadlock over crypto and its inability to align local laws with MiCA may drive some local crypto companies abroad. Poland’s parliament, the Sejm, has yet to pass a domestic enabling act for the EU’s regulations on cryptocurrencies.  The parliament has again failed to override a presidential veto on a key crypto regulation bill. President Karol Nawrocki defended his veto, citing concerns over excessive regulation that could harm small businesses. Opponents state that the lack of framework makes the Polish market vulnerable to fraud and free-for-all for illicit actors. The political path forward is unclear. Outside the political arena, the reality is that Poland is the only EU member state left to implement the bloc’s Markets in Crypto-Assets (MiCA) regulatory framework. The deadline for the transitionary period ends on July 1. Read more

Poland’s parliament has once again failed to overturn President Karol Nawrocki’s veto of the crypto regulation bill. Poland’s parliament has once again failed to overturn a presidential veto blocking a key crypto regulation bill, extending the political standoff over how the country should oversee digital assets. In a vote held Friday, lawmakers fell short of the 263 votes required to override the veto issued by President Karol Nawrocki, local outlet TVP World reported. A total of 243 MPs voted against the veto, while 191 supported it, per the report. The bill, backed by Prime Minister Donald Tusk, aims to align Poland with the European Union’s Markets in Crypto-Assets Regulation (MiCA), introduced in 2024 to govern the issuance and custody of crypto assets. Poland remains the only EU member state yet to implement the bloc’s framework. Read more

President Karol Nawrocki vetoed a second MiCA crypto bill, saying it was “practically identical” to a previous version, leaving local companies in limbo ahead of a summer MiCA deadline. Poland’s president vetoed a second bill meant to align the country’s crypto rules with the European Union’s Markets in Crypto-Assets Regulation framework, deepening uncertainty for local platforms as a key transition deadline approaches. President Karol Nawrocki declined to sign Bill 2064 last week, marking the second veto of proposed legislation to implement the EU’s Markets in Crypto-Assets Regulation (MiCA), the president’s office said Thursday. Nawrocki vetoed a similar measure in December and described Bill 2064 as “practically identical” to the original Bill 1424 vetoed previously. The veto followed an announcement by the Polish Financial Supervision Authority (KNF), warning that Poland has not designated a competent authority to supervise the crypto market, highlighting the MiCA transition deadline of July 1, 2026. Read...

Coinbase expands in Poland with PPro to support Blik, making crypto transactions faster and easier amid stalled local regulations. Major US cryptocurrency exchange Coinbase is expanding payment options in Poland by integrating with one of the country’s most widely used mobile payment systems. Coinbase has partnered with European payment processor PPro to enable payments via Blik, a popular Polish mobile payment network with nearly 20 million users. The announcement was made by Coinbase executive and NFT Paris co-founder Côme Prost, who joined the exchange in February 2024 to lead its French operations. Read more

The Polish government reintroduced an identical version of an 84-page crypto bill that was vetoed by the president, raising questions about local versus centralized EU oversight. Polish lawmakers have doubled down on crypto regulation rejected by President Karol Nawrocki, deepening tensions between the president and Prime Minister Donald Tusk. Polska2050, part of the ruling coalition in the Sejm — Poland’s lower house of parliament — reintroduced the extensive crypto bill on Tuesday, just days after Nawrocki vetoed an identical bill. The bill’s backers, including Adam Gomoła — a member of Poland2050 — called Bill 2050 an “improved” successor to the vetoed Bill 1424, but government spokesman Adam Szłapka reportedly declared that “not even a comma” had been changed. Read more