The Polish Parliament approves cryptocurrency law after presidential veto

Source: Yellow Original Title: Poland’s Parliament Approves Cryptocurrency Law After Presidential Veto

Original Link: The lower house of Poland approved Thursday’s cryptocurrency legislation despite the president Karol Nawrocki’s previous veto.

The vote sends the bill unchanged to the Senate for review.

Lawmakers approved the measure by 241 votes in favor and 183 against after reintroducing it without modifications.

What happened

The Crypto-Asset Markets Law aims to align Poland with the European Union’s Crypto-Asset Markets Regulation framework.

EU member states face a compliance deadline in July 2026.

Nawrocki vetoed the same legislation in early December, stating that “it would pose a real threat to the freedoms of Poles, their property, and the stability of the State.”

The parliament attempted to override the veto but fell 18 votes short of the three-fifths majority required.

The government reintroduced the bill without changes last week.

According to reports, a government spokesperson said it is likely that Nawrocki will now sign the law after a classified briefing on national security implications.

The bill grants the Polish Financial Supervision Authority broad powers over cryptocurrency operations.

Critics, including industry advocates, argue that the legislation imposes restrictions beyond the minimum requirements of the EU.

Why it matters

Poland remains the only EU member state without implementing MiCA, while neighbors like Germany, Malta, the Netherlands, and Lithuania have already begun issuing licenses.

The regulatory clash has caused political tensions between Nawrocki’s nationalist supporters and the pro-EU coalition of Prime Minister Donald Tusk.

Nawrocki campaigned with pro-cryptocurrency positions before winning the June 2025 presidential election with 50.89% of the vote.

He took office in August.

In a social media post in May, he assured that “oppressive laws will not be implemented” in the digital assets industry, stating that “Poland needs innovation, not regulation.”

Poland’s cryptocurrency market has grown despite regulatory uncertainty.

Chainalysis ranked the country eighth in Europe by total cryptocurrency received between July 2024 and June 2025.

It is estimated that 7.9 million Poles use cryptocurrencies, according to Statista data.