The Polish Sejm failed to override President Karol Nawroczki's third veto of the crypto regulation bill, which means that the legislative deadlock surrounding the country's crypto market regulatory framework continues. The bill was intended to bring the domestic crypto market under the regulatory jurisdiction of the Polish Financial Supervision Authority KNF and to implement EU MiCA rules in Poland.
Did not reach the required number of votes to overturn the veto.
In the vote on September 4th, 241 members of parliament supported overturning the president's veto, while 198 opposed it, and 3 abstained. Since a total of 442 members were present that day, a three-fifths majority, which is 266 votes, was required by regulation. As a result, the parliament still fell short by 25 votes.
Nafrotsky previously stated that he is not against establishing rules for the crypto industry, but believes that the government's proposed restrictions are too stringent. According to him, out of the 16 amendments suggested by the presidential office, the legislative body only adopted one. He also mentioned that the current regulations place an excessive burden on local crypto companies, which may prompt some to operate in other jurisdictions.
The dispute focuses on the KNF permissions and corporate costs.
This bill proposes to designate the Polish Financial Supervision Authority KNF as the regulatory body for cryptocurrencies, which includes licensing requirements and reporting obligations for crypto service providers, as well as setting criminal liabilities for certain violations related to token issuance and crypto services. The intention of these arrangements is to enable Poland to more fully implement the European Union's 'Regulations on the Markets in Crypto Assets' MiCA.
On the other hand, the president proposed another plan, stating that it is possible to combat fraud and financial crimes without imposing the same high compliance costs on legally operating enterprises. In previous rounds of discussions, the government, the presidential office, Poland, and the Alliance Party had all submitted different versions of the plan, with the main disagreements surrounding the law enforcement authority of KNF and the applicable penalties.
Three vetoes have led to the continued delay in the implementation of MiCA.
This is not the first time that the bill has encountered obstacles. After Navrotsky vetoed the "Cryptocurrency Markets Act" in December 2025, parliament attempted to override the decision, but did not meet the required threshold. Subsequently, parliament passed a new version of the bill, only for the president to veto it again in February 2026, citing that the text was not significantly different from the original version. The second attempt to override the veto in April also failed.
Although MiCA has come into effect within the EU, each member state is still responsible for local licensing, regulation, and enforcement. The transition period ended on July 1st, and companies that have not been authorized will face restricted operations or a phased exit. As a result, the lack of a clear domestic law in Poland has continued to keep the compliance path for local crypto service providers in an unstable state.
Political debates overlap with Zondacrypto investigations
Before the latest vote, Polish Prime Minister Tusk called on lawmakers to support overturning the veto and mentioned in parliament the relevant investigations into the now-defunct exchange Zondacrypto. According to Polish media reports, Tusk cited testimonies in his speech, referring to former Justice Minister Zbigniew Ciborow and his family members, but these claims are still part of the investigation and have not yet been established as facts by the court.
The controversy surrounding Zondacrypto has become part of the political tug-of-war in this legislative battle. Navrotsky denies any association with the company and claims that he has never met with the person in charge of the exchange, nor is he aware of any claims that they supported his campaign.
