Poland's Crypto Regulation Bill Stalls Amid EU Alignment Dispute

Poland's parliament has again failed to override President Karol Nawrocki's veto on a crypto regulation bill, extending the country's months-long standoff with EU rules. The bill, which aims to implement the Markets in Crypto-Assets Regulation (MiCA) framework, has been at the center of a contentious debate between lawmakers and the president.

The vote, held on Friday, saw 243 MPs voting against overriding the veto, while 191 were in favor. This is the second failed attempt by the government to push the bill through, with a similar rejection occurring in December. The current stalemate has left Poland as the only EU member state yet to implement MiCA.

President Nawrocki defended his veto, citing concerns that the regulation risks overreach and lacks transparency. In contrast, government officials have warned that delaying rules leaves investors exposed to risk. The ongoing debate has broader implications for Poland's crypto ecosystem, with local industry players and foreign firms weighing regulatory certainty against uncertainty in one of Europe's largest markets.