Poland’s parliament revives controversial crypto bill despite presidential veto

Poland's lower house of parliament, the Sejm, has approved the Crypto-Asset Market Act again, sending the previously vetoed legislation back to the Senate without any revisions. The bill, which passed with 241 votes, aims to align Polish law with the EU's MiCA regulation. However, critics, including President Karol Nawrocki, argue the law grants the Polish Financial Supervision Authority (KNF) excessive powers, such as website blocking and large fines, exceeding EU standards. Nawrocki initially vetoed the bill citing ambiguity and high compliance costs that could harm smaller firms. Prime Minister Donald Tusk's government reintroduced the bill, setting up a potential second showdown with the president, who retains the power to veto it again.

(Source：CoinDesk)