The lower house of Poland’s parliament was unable to secure the necessary three-fifths majority to override President Karol Nawrocki’s veto of the Crypto-Asset Market Act, moving the country further away from establishing regulations for its digital-asset sector at a time when lawmakers argue that oversight is becoming increasingly important.
As Bloomberg reported on Friday, the legislation — pushed forward by Prime Minister Donald Tusk’s administration — aimed 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 vetoed the measure last week, stating it would “jeopardize the freedoms of Poles, their property, and the stability of the state,” as noted by Cointelegraph.
With the president’s veto upheld, the bill will not advance, compelling the government to restart its efforts in crypto legislation.
The proposal has sharply divided lawmakers and the crypto industry. Proponents portrayed the bill as a national security issue, arguing that comprehensive regulations are vital to prevent fraud and deter potential misuse of crypto assets by foreign entities, including Russia, according to Bloomberg.
Conversely, various crypto-industry groups opposed the legislation, cautioning that its requirements were excessively burdensome and could drive startups out of Poland.
Critics highlighted stringent licensing regulations, elevated compliance costs, and criminal-liability provisions for service provider executives, arguing that the bill could stifle innovation and create a non-competitive business environment.
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Crypto adoption in Poland ramps up amid regulatory pause
Despite the regulatory standstill, cryptocurrency usage in Poland continues to grow. Chainalysis recently identified Poland as one of Europe’s “large crypto economies,” noting a significant increase in on-chain activity over the past year.
According to the company’s 2025 Europe Crypto Adoption report, Poland experienced over 50% year-over-year growth in overall transaction volume.
Polish investors are also increasing their investments in Bitcoin (BTC), evidenced by a rise in Bitcoin ATM installations in recent years. In January, Cointelegraph reported that Poland had emerged as the world’s fifth-largest Bitcoin ATM hub, even surpassing El Salvador — a nation that has made Bitcoin a core part of its monetary and financial system.
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