Poland's Crypto Regulation Stalls After Third Presidential Veto

Lawmakers voted 241 to 198 in favor of overriding the veto, but the motion required a three-fifths majority of the 442 members present, or 266 votes. With the defeat, the legislation—designed to place the crypto market under the supervision of the Polish Financial Supervision Authority (KNF) and align domestic policy with the European Union’s MiCA framework—cannot proceed in its current form.

President Nawrocki, who has consistently supported regulation, argued that the government’s version remains overly restrictive and imposes excessive burdens on local firms. He maintains that his office’s own legislative proposals offer superior safeguards against financial crime without stifling legitimate businesses. In a video statement, the president dismissed the recurring attempts to pass the bill, asserting that flawed law does not improve through repetition.

Prime Minister Donald Tusk has framed the legislative struggle as a matter of integrity, linking the debate to a widening fraud investigation into the defunct exchange Zondacrypto. During the parliamentary session, Tusk cited witness testimony alleging that former Justice Minister Zbigniew Ziobro had sought to influence the Zondacrypto case for personal financial gain. These allegations have intensified the friction between the government and the opposition, further complicating a regulatory process that has now seen three failed veto overrides since December 2025.