Poland's Crypto Reg Bill Vetoed for Third Time Amid EU Deadline

Polish President Karol Nawrocki has vetoed the country's Crypto-Assets Market Act for the third time, stalling implementation of the European Union's MiCA framework.

The bill was designed to create Poland's domestic crypto licensing and supervisory system before the July 1 deadline for local implementation. However, Nawrocki argues that the text ignores most of the changes proposed by his office.

He supports regulating the sector and protecting consumers but believes a narrower law with fewer burdens on legitimate firms is necessary. The president's position has been that the bill can be signed if it is amended to address his concerns.

The government, on the other hand, says the law is needed to bring Poland in line with MiCA and prevent smaller domestic firms from being damaged by its strict regulations.