Polish lawmakers fail to revive controversial crypto bill after presidential veto
Analysis
Price Impact
MedThe veto of poland's crypto-asset market act delays alignment with the eu's mica framework. while some industry players might see this as a temporary relief from potentially 'overly burdensome' regulations, the ongoing regulatory uncertainty could hinder institutional adoption and cross-border operations in the long run. poland is a significant crypto economy, so regulatory clarity is important.
Trustworthiness
HighThe report comes from cointelegraph, a well-known crypto news source, referencing official parliamentary actions, bloomberg, and chainalysis data, indicating reliable and fact-checked information.
Price Direction
NeutralThe immediate impact is neutral. on one hand, the failure to pass potentially stringent regulations could be seen as positive for innovation within poland, as feared high compliance costs and criminal-liability provisions are delayed. on the other hand, a lack of clear, eu-aligned regulation creates uncertainty, which can deter larger players and complicate market entry for businesses, potentially offsetting any positive sentiment from the delay of strict rules.
Time Effect
ShortThe immediate effect is a legislative pause. the government will need to restart its crypto lawmaking process, which will take time, creating continued short-term regulatory uncertainty. long-term effects depend on the nature of future legislation.
Original Article:
Article Content:
Sam Bourgi 2 minutes ago Polish lawmakers fail to revive controversial crypto bill after presidential veto Poland’s parliament upheld a veto on the Crypto-Asset Market Act, delaying EU-aligned regulation and deepening divisions over security and innovation. Listen 0:00 News COINTELEGRAPH IN YOUR SOCIAL FEED The lower house of Poland’s parliament failed to secure the required three-fifths majority to override President Karol Nawrocki’s veto of the Crypto-Asset Market Act, pushing the country further away from regulating its digital-asset sector at a moment when lawmakers argue that oversight is increasingly urgent. As Bloomberg reported Friday, the legislation — advanced by Prime Minister Donald Tusk’s government — was intended to align Poland with the European Union’s MiCA framework for crypto markets. The bill was introduced in June but did not survive the president’s veto. Nawrocki blocked the measure last week, arguing it would “threaten the freedoms of Poles, their property, and the stability of the state,” as Cointelegraph previously reported . With the president’s veto upheld, the bill will not move forward, forcing the government to restart its crypto lawmaking process. Source: Kancelaria Prezydenta RP The proposal has sharply divided lawmakers and the crypto industry. Supporters framed the bill as a national security priority, saying that comprehensive rules are necessary to curb fraud and prevent potential misuse of crypto assets by foreign actors, including Russia, according to Bloomberg. However, several crypto-industry groups opposed the legislation, warning that its requirements were overly burdensome and could drive startups out of the country. Critics pointed to stringent licensing rules , high compliance costs and criminal-liability provisions for service-provider executives, arguing that the bill risked stifling innovation and creating an uncompetitive business environment. Related: EU plan would boost ESMA powers over crypto and capital markets Crypto adoption in Poland ramps up amid regulatory pause Cryptocurrency use in Poland continues to accelerate even as the country stalls on comprehensive regulation. Chainalysis recently identified Poland as one of Europe’s “large crypto economies,” noting that the country’s onchain activity has expanded significantly over the past year. According to the company’s 2025 Europe Crypto Adoption report, Poland recorded more than 50% year-over-year growth in overall transaction volume. Poland ranked eighth in Europe in terms of total cryptocurrency value received between July 2024 and June 2025. Source: Chainalysis Polish investors are also increasing their exposure to Bitcoin ( BTC ), reflected in a surge in Bitcoin ATM installations in recent years. In January, Cointelegraph reported that Poland had become the world’s fifth-largest Bitcoin ATM hub , surpassing even El Salvador — a country that has made Bitcoin a central element of its monetary and financial system. Magazine: When privacy and AML laws conflict: Crypto projects’ impossible choice # Poland # European Union # MiCA # Regulation Add reaction