Polish Parliament Fails to Override Crypto Bill Veto in Tight Vote

Polish Sejm Fails to Overturn Presidential Veto On Crypto-Asset Market Act

Poland is facing a battle regarding cryptocurrency regulation amid a national scandal involving the demise of Zondacrypto, the largest local cryptocurrency exchange.

Prime Minister Donald Tusk called last month for a revision of the Crypto-Asset Market Act, which President Karol Nawrocki vetoed three times, after he warned the public about the act’s effects on Poles’ freedom and stability. At the time, he stressed that, given the circumstances, he could “no longer imagine that President Nawrocki, Chairman Kaczyński, and former Prime Minister Morawiecki would reject this problem with such incredible lightness.”

On Thursday, pushed by Tusk, the Sejm added the issue to its working agenda, allowing limited discussion, according to official reports. A vote followed on Friday, where the initiative failed to get the needed support for overturning Nawrocki’s veto, managing only to reach 241 of the 266 votes needed.

The motion marks the third time that the Sejm has failed to overturn the presidential veto on this crypto law, meaning Polish crypto operators still face a difficult task complying with the Markets in Crypto Assets (MiCA) framework, registering their activities in other jurisdictions before operating.