A total of 243 lawmakers voted against the veto, while 191 voted to uphold it.
Crypto News
Poland's parliament has failed for the second time to override a presidential veto on a crypto regulation bill. The country remains the only EU member state that has not yet implemented the Markets in Crypto-Assets Regulation, known as MiCA.
Friday's vote fell short of the 263 votes needed to override the veto, according to local outlet TVP World. A total of 243 lawmakers voted against the veto, while 191 voted to uphold it. The legislation had been championed by Prime Minister Donald Tusk as a necessary step toward aligning Poland with the EU's crypto framework, introduced in 2024 to regulate the issuance and custody of digital assets.
President Karol Nawrocki issued the original veto, citing concerns about excessive regulation, limited transparency, and the risk of placing undue burdens on small businesses. Finance Minister Andrzej Domański has argued the opposite position, warning that the absence of clear rules exposes both consumers and businesses to fraud. He reportedly described the unregulated environment as an "El Dorado for fraudsters."
This is the second time the government has been unable to advance the bill. Parliament first failed to override the presidential veto in December and quickly reintroduced a new version of the legislation. Critics said the revised draft was nearly identical to the original. Nawrocki vetoed it again in February this year, saying at the time that "a wrong law that passed a hundred times still remains a wrong law."
The dispute has drawn in Zonda, Poland's largest crypto exchange, which has reportedly lobbied against the bill. Tusk accused Zonda of ties to illicit funding, citing intelligence reports he said connect the platform's origins to Russian criminal networks. The claims escalated the tension between the government and the country's most prominent crypto firm.
Zonda CEO Przemyslaw Kral rejected the accusations publicly on X. He called the attempts to link him and the company to the political dispute "as absurd as they are harmful to the Polish innovation market." Kral added that he is "compelled to take appropriate legal steps to protect my personal rights."
Kral also addressed a separate issue regarding a crypto wallet reportedly holding $330 million. He said he does not control access to that wallet and that it remained under the authority of former CEO Sylwester Suszek before Suszek disappeared in 2022. Poland has not announced a new legislative timeline, and the regulatory standoff shows no signs of immediate resolution.
This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
