Poland’s legislative path for a comprehensive digital asset framework has encountered a significant setback. The Sejm, the lower house of parliament, has voted to uphold a presidential veto on the proposed Crypto-Asset Market Act (MiCA). This decision effectively stalls the nation’s efforts to formally transpose the European Union’s landmark Markets in Crypto-Assets regulation into Polish law, creating a period of continued regulatory uncertainty for the local industry.
The veto, sustained by the parliament, underscores a persistent political divide regarding the balance between market innovation and consumer protection. Proponents of the legislation argued that swift adoption was necessary to provide legal clarity and foster a secure environment for businesses and investors. Opponents, including President Andrzej Duda, raised concerns that the proposed bill contained provisions potentially compromising state security and required more rigorous scrutiny.
As a consequence, Poland now faces a delay in establishing a harmonized regulatory regime for crypto-assets, potentially putting its domestic market at a comparative disadvantage within the EU bloc. The legislative process must restart, with lawmakers required to draft and debate a new version of the bill that can address the stated objections and secure broader political consensus.
