Poland remains the only European Union member state without a functioning national framework for the Markets in Crypto-Assets Regulation after lawmakers failed again to overturn President Karol Nawrocki’s veto of a crypto bill.

The Sejm’s vote on Friday was the third unsuccessful attempt to reverse the president’s decision. The motion fell 25 votes short of the three-fifths majority required, leaving Poland without a designated domestic authority even though MiCA already applies across the EU and member states were required to implement it by July 2026.

Third failed override keeps veto in place

Friday’s result means Nawrocki’s veto remains legally effective. He first blocked the legislation in December, later rejected an earlier version, and then vetoed it for a third time on June 11.

When issuing that latest rejection, the president said lawmakers had incorporated only one of the sixteen changes proposed by his office. The latest parliamentary effort did not secure the support needed to reverse him, extending a regulatory deadlock that has now left Poland outside the normal national MiCA implementation framework.

What the bill was meant to do

The proposed law would have named Poland’s Financial Supervision Authority, known as the KNF, as the country’s official crypto regulator. That step was meant to align domestic supervision with the EU’s MiCA regime.

Without the law, Polish crypto companies face continued uncertainty over licensing and enforcement. The KNF has publicly acknowledged that Poland still has no designated authority for the sector, even as the broader EU rulebook is already in force.

Zondacrypto investigation adds pressure

The legislative standoff is unfolding alongside a widening criminal investigation involving Zondacrypto, the exchange formerly known as BitBay. Prosecutors have linked the case to the 2022 disappearance of BitBay founder Sylwester Suszek and estimate investor losses at no less than 350 million zlotys, or roughly $95 million.

The case has taken on political significance because of the senior figures involved and its wider effect on public life. Prime Minister Donald Tusk has repeatedly pointed to the investigation while urging lawmakers to pass the bill, arguing that stronger oversight might have prevented the alleged fraud.

Dispute now shifts to a revised bill

Nawrocki has argued that the legislation would grant overly broad powers, including the ability to block websites, and says such measures could drive legitimate firms out of Poland rather than improve consumer protection.

With the override defeated, attention turns to whether a revised bill can be assembled that answers more of the president’s objections. That question is likely to shape Poland’s crypto policy debate in the fall, while the country continues to operate without a full national MiCA framework.

Source: beincrypto.com