Gate News message, April 21 — Poland’s parliament failed again to override President Karol Nawrocki’s veto on a crypto regulation bill, leaving the country unable to align with the European Union’s Markets in Crypto-Assets (MiCA) framework by the July 1 deadline. Poland remains the only EU member state that has not yet implemented MiCA, and local crypto firms including Kanga and Zonda Crypto are considering or have already relocated operations to Latvia, Czech Republic, Lithuania, and Malta due to regulatory uncertainty.
President Nawrocki opposes the legislation on grounds of overregulation, citing the bill’s 300-plus-page draft—far exceeding that of other EU member states—and arguing it grants excessive powers to Poland’s Financial Supervision Authority (KNF), including website blocking and substantial fines that could harm smaller businesses. Political tensions have been further fueled by Prime Minister Donald Tusk’s earlier accusations that Zonda Crypto was involved in illicit fund flows and associated with certain political factions.
The regulatory impasse has accelerated the outflow of domestic crypto enterprises seeking more favorable policy environments ahead of the MiCA transition period’s conclusion.
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