Poland’s Crypto Regulation Delayed Again After Parliament Vote Falls Short

Highlights:

• Polish lawmakers failed to override President Karol Nawrocki’s third veto of the country’s proposed crypto regulation bill.
• The bill would give Poland’s KNF wider powers to supervise crypto firms and enforce MiCA rules.
• Without the law, Polish crypto firms still cannot obtain domestic MiCA authorization and may seek EU licenses.

Poland’s lower house of parliament has failed to overturn President Karol Nawrocki’s third veto of a bill designed to regulate the country’s crypto-asset market. The September 4 vote leaves the proposed legislation blocked as Poland continues working toward a national framework for the European Union’s Markets in Crypto-Assets Regulation, or MiCA.

According to the Polish Press Agency (PAP), 442 lawmakers took part in the vote. A three-fifths majority, equal to 266 votes, was needed to override the president’s veto. However, only 241 lawmakers supported the move. Another 198 voted against it, while three abstained. The government therefore fell 25 votes short of the required majority.

🚨 BREAKING: 🇵🇱 Poland’s parliament fails to overturn the President’s veto of a crypto regulation bill, leaving the country’s crypto framework in limbo. pic.twitter.com/6xfVRX3aPp

— EyeWhales (@EyeWhales) September 5, 2026

President Nawrocki Blocks Crypto Bill for Third Time

Nawrocki vetoed the latest version of the crypto-assets bill on June 11. It was the third time he had blocked government-backed legislation aimed at setting rules for Poland’s cryptocurrency sector. The president’s office also officially confirmed the June veto. Nawrocki has argued that the proposed rules go too far and could push Polish crypto businesses to move their operations abroad. He has criticized the government’s approach to crypto regulation, saying it was fighting a “crypto shadow” rather than dealing with the issue effectively.

The latest bill included one proposal from the president’s office. It would have required Poland’s Financial Supervision Authority, known as the KNF, to work with the finance minister and publish an annual report on the crypto market.

However, lawmakers did not approve several other presidential proposals. These included stronger court oversight of KNF actions and cutting the maximum extended account freeze from six months to three months. Another proposal would have increased state responsibility for losses caused by unlawful account freezes.

Crypto Bill Would Give KNF Oversight Under MiCA

The legislation was designed to support the application of MiCA in Poland and appoint the KNF as the country’s main crypto regulator. MiCA is the EU framework that sets common rules for crypto companies, token issuers and crypto service providers.

Under the Polish bill, the KNF would be able to freeze bank or crypto accounts or stop certain transactions for up to 96 hours. That period could be extended, although the government wanted the maximum extension limited to six months. 

The regulator would also receive powers to impose financial penalties on token issuers, crypto service providers and professional intermediaries that break the rules. In addition, the KNF could place dishonest crypto-related websites on a register and take action over certain violations involving token issuance or unauthorized crypto services. The proposal also covered supervision fees. The maximum fee for token issuers would be 0.5%, while crypto-asset service providers could face fees of up to 0.4%.

Poland Still Lacks a Domestic MiCA Licensing Framework

MiCA requires crypto service providers to hold proper authorization, while individual EU countries must appoint authorities responsible for licensing and supervision. Poland planned to give that role to the KNF.

However, the failed September 4 vote means the domestic framework remains blocked. PAP reported that Polish-based companies currently cannot receive MiCA authorization in Poland because the required national provisions are still missing. Companies licensed in another EU member state can continue offering services in Poland through cross-border arrangements.