Poland Approves Crypto Bill Amid Looming MiCA Deadline | Crypto Regulation News
Crypto regulation news: Poland Approves Crypto Bill Amid Looming MiCA Deadline. This update explains what changed, why it matters for the crypto market, and what investors, exchanges, and blockchain companies should watch next.
Crypto Regulation Update
Polish lawmakers approved a government-backed bill Friday to bring the country’s crypto market under the European Union’s Markets in Crypto-Assets Regulation (MiCA) framework, after President Karol Nawrocki twice vetoed earlier versions.The vote took place on Friday during the 57th sitting of the Sejm in Warsaw, where lawmakers adopted the legislation in a 241–200 decision, according to official parliamentary records.Backed by the Ministry of Finance, the approved bill (No. 2529) designates the Polish Financial Supervision Authority (KNF) powers to oversee market participants, impose administrative sanctions and temporarily block accounts and transactions.Source: Sejm RPThe vote marks the third attempt by the government to pass a crypto bill following two earlier presidential vetoes, with lawmakers favoring the state-backed approach over three competing draft bills.Poland’s crypto regulation split: Four competing bills amid rising tensionsAfter Nawrocki vetoed two earlier government-backed crypto bills, lawmakers returned this week to a debate over four competing proposals.Parliament’s latest vote was based on a consolidated committee text incorporating government bill 2529 alongside competing proposals from the president (No. 2528), Confederation (No. 2530), and a parliamentary draft (No. 2363), according to official records.Source: Crypto PatelThe opposition Law and Justice party (PiS) also submitted a separate draft bill proposing a complete ban on all crypto-asset activity in Poland, according to local media.Community expects another veto despite Zonda controversyMarket participants and crypto commentators reacted critically to the latest Sejm vote, with some expecting the president to veto the legislation again, as repeated parliamentary approvals have not resolved key disputes over supervisory powers and enforcement under KNF.Critics highlighted ongoing concerns over account and domain blocking provisions, which they say remain largely unchanged despite earlier presidential objections, while proposed safeguards such as stronger judicial oversight were not included in the final text.They warned that continued deadlock could prolong regulatory uncertainty as Poland aligns with the EU’s MiCA framework ahead of upcoming implementation deadlines in July.Source: Tomasz MentzenThe latest debate has also been shaped by a deepening scandal around Zondacrypto, after prosecutors launched a fraud probe and thousands of users were reportedly unable to withdraw funds.Related: Estonia’s FSA issues investor warning about ZondacryptoThe issue has entered Polish politics, with Prime Minister Donald Tusk alleging links between Zondacrypto and Russian capital and influence, citing its early history and later development under new ownership. Tusk also argued that the lack of a full investor protection framework delayed regulatory action, pointing to Poland’s repeated delays in aligning with the EU’s MiCA rules.Magazine: How crypto laws changed in 2025 — and how they’ll change in 2026
Why This Crypto Regulation News Matters
First, this development may affect exchanges, token listings, stablecoins, compliance rules, and market sentiment. In addition, it may influence licensing, reporting requirements, and future enforcement actions. As a result, traders and investors should watch the next legal and policy steps closely.
What to Watch Next
Watch for follow-up statements from regulators, court filings, exchange responses, and policy updates. In particular, any new guidance on licensing, enforcement, or stablecoin rules could have a direct impact on the broader crypto market.
