Polish lawmakers fail to revive controversial crypto bill after presidential veto

Poland's lower house of parliament failed to achieve the necessary three-fifths majority to override President Karol Nawrocki’s veto of the Crypto-Asset Market Act, thus preventing the bill from advancing. The legislation, supported by Prime Minister Donald Tusk’s government, aimed to align Poland with the EU’s MiCA framework for crypto markets. President Nawrocki had blocked the bill, arguing it threatened Polish freedoms and state stability. The bill sharply divided opinion: supporters viewed it as essential for national security to curb fraud and prevent misuse by foreign actors, while crypto industry groups opposed it, citing overly burdensome compliance costs, stringent licensing, and high criminal liability risks that could stifle innovation. With the veto upheld, the government must restart its legislative process, even as cryptocurrency adoption in Poland continues to accelerate, positioning the country as a major European crypto economy.

(Source：Cointelegraph)