Poland president vetoes MiCA crypto bill again as deadline nears

President blocks MiCA bill again

President Karol Nawrocki has vetoed a government bill to regulate the crypto-assets market in Poland for the second time. The bill aimed to align national rules with the European Union Markets in Crypto-Assets, or MiCA, regulation. It followed an earlier proposal that he rejected in December 2025, which had the same objective. His office described the new draft as practically identical to the previous version. The decision keeps Poland without a dedicated licensing framework for crypto-asset service providers.

“President Karol Nawrocki has for the second time vetoed a government bill that aimed to regulate the crypto-assets market in Poland and bring the country in line with EU rules.” — Notes from Poland editorial staff, Notes from Poland, 13 February 2026

July 2026 MiCA deadline pressure

Deputy finance minister Jurand Drop previously warned about the timeline for MiCA implementation. He stated that Poland must designate an authority to oversee the crypto market by 1 July 2026. MiCA sets this date as the end of the transition period for many crypto-asset service rules. He said that without such an authority, firms will not register in Poland and will instead move to other European Union countries. He also linked this potential shift to lower tax revenues for the Polish state.

“Previously, deputy finance minister Jurand Drop has warned that, if Poland does not designate an authority to oversee the crypto market by 1 July 2026, firms will not be able to register in Poland and will instead move to other EU countries, resulting in lower tax revenues for the state.” — Jurand Drop, Deputy Finance Minister, Poland, December 2025

Firms look to other EU jurisdictions

Industry reports state that many Polish crypto companies now prepare licensing strategies outside Poland. They focus on European Union countries that already apply MiCA rules, such as Lithuania, Estonia, and Latvia. These states provide national licenses that can be “passported”, meaning firms can serve clients across the European Union. The second veto increases uncertainty for platforms that would prefer supervision by the Polish Financial Supervision Authority. Some legal analyses describe the current situation in Poland as a regulatory vacuum with real economic costs.