Polish President Karol Nawrocki Vetoes EU MiCA Crypto Bill for Third Time

_{Photo credit: Nowaczyk / Shutterstock.com}

Polish President Karol Nawrocki has vetoed legislation intended to implement the European Union’s Markets in Crypto-Assets (MiCA) regulation in the country, marking the third time he has rejected a version of the bill.

Nawrocki said he supports regulating the cryptocurrency sector and strengthening consumer protections but argued that it had to be done effectively and that the government had accepted only one of 16 key amendments prepared by his office. He described the latest text as almost identical to the two earlier versions he had vetoed, adding that he would approve the legislation if it were revised.

Nawrocki has also raised concerns about excessive regulation, a lack of transparency, and the burden the proposed rules could place on smaller businesses.

The veto leaves Poland’s MiCA framework unresolved shortly before the EU-wide transitional grandfathering period ends on July 1, 2026. After that date, crypto-asset service providers must either hold MiCA authorization or stop serving customers in the EU.

Poland is currently the only EU member state without domestic legislation to implement the MiCA regulation. Failure to introduce a framework could leave crypto-asset service providers in Poland without a legal basis to continue serving EU customers.

The decision has deepened a dispute between the president and Prime Minister Donald Tusk’s government, which supports the bill. Poland’s parliament attempted to overturn Nawrocki’s previous veto in April but failed to secure the 263 votes required.