Poland's Cryptocurrency Regulation Bill Vetoed for Second Time

Poland's parliament has been engaged in a contentious debate over cryptocurrency regulation, with President Karol Nawrocki using his veto power to block the proposed legislation on two occasions. The bill aims to bring national rules regarding cryptocurrency in line with EU legislation that went into effect in 2024.

The latest vote saw 191 MPs voting in support of the presidential veto while 243 voted against it, falling short of the 263 votes needed to overturn the decision. This outcome leaves Poland as the only EU member state without compliance with EU legislation on cryptocurrency regulation.

Proponents of the bill argue that it would protect Polish savings and investments, increase competitiveness in the EU, and make the cryptocurrency market more secure against exploitation and acts of sabotage by foreign actors.