Polish lawmakers authorised a government-backed invoice Friday to convey the nation’s crypto market below the European Union’s Markets in Crypto-Property Regulation (MiCA) framework, after President Karol Nawrocki twice vetoed earlier variations.
The vote occurred on Friday throughout the 57th sitting of the Sejm in Warsaw, the place lawmakers adopted the laws in a 241–200 resolution, based on official parliamentary data.
Backed by the Ministry of Finance, the authorised invoice (No. 2529) designates the Polish Monetary Supervision Authority (KNF) powers to supervise market individuals, impose administrative sanctions and quickly block accounts and transactions.
Supply: Sejm RP
The vote marks the third try by the federal government to cross a crypto invoice following two earlier presidential vetoes, with lawmakers favoring the state-backed method over three competing draft payments.
Poland’s crypto regulation cut up: 4 competing payments amid rising tensions
After Nawrocki vetoed two earlier government-backed crypto payments, lawmakers returned this week to a debate over 4 competing proposals.
Parliament’s newest vote was based mostly on a consolidated committee textual content incorporating authorities invoice 2529 alongside competing proposals from the president (No. 2528), Confederation (No. 2530), and a parliamentary draft (No. 2363), based on official data.
Supply: Crypto Patel
The opposition Legislation and Justice get together (PiS) additionally submitted a separate draft invoice proposing an entire ban on all crypto-asset exercise in Poland, based on native media.
Neighborhood expects one other veto regardless of Zonda controversy
Market individuals and crypto commentators reacted critically to the most recent Sejm vote, with some anticipating the president to veto the laws once more, as repeated parliamentary approvals haven’t resolved key disputes over supervisory powers and enforcement below KNF.
Critics highlighted ongoing issues over account and area blocking provisions, which they are saying stay largely unchanged regardless of earlier presidential objections, whereas proposed safeguards resembling stronger judicial oversight weren’t included within the ultimate textual content.
They warned that continued impasse might extend regulatory uncertainty as Poland aligns with the EU’s MiCA framework forward of upcoming implementation deadlines in July.
Supply: Tomasz Mentzen
The newest debate has additionally been formed by a deepening scandal round Zondacrypto, after prosecutors launched a fraud probe and hundreds of customers had been reportedly unable to withdraw funds.
Associated: Estonia’s FSA points investor warning about Zondacrypto
The difficulty has entered Polish politics, with Prime Minister Donald Tusk alleging hyperlinks between Zondacrypto and Russian capital and affect, citing its early historical past and later growth below new possession. Tusk additionally argued that the shortage of a full investor safety framework delayed regulatory motion, pointing to Poland’s repeated delays in aligning with the EU’s MiCA guidelines.
Journal: How crypto legal guidelines modified in 2025 — and the way they’ll change in 2026