Regulation
Poland Vetoes MiCA Implementation Bill for the Second Time
12 Feb 2026, 02:00
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Poland's President vetoed the Crypto-Assets Market Act for a second time on February 12, citing concerns over domain-blocking provisions and legislative complexity.
Polish President Karol Nawrocki vetoed the country's Crypto-Assets Market Act for the second time on February 12, blocking legislation intended to implement the European Union's Markets in Crypto-Assets Regulation, known as MiCA, at the national level. The veto extends a standoff between Poland's executive and legislature over how the country should transpose the EU-wide framework into domestic law, leaving Polish crypto businesses and users in an uncertain regulatory position even as most of the rest of the bloc has moved forward with MiCA implementation.
Nawrocki's stated objections centered on two main concerns: what he described as nontransparent domain-blocking provisions within the bill, which would have given regulators authority to block access to non-compliant crypto platforms, and the overall complexity of the legislation relative to how other EU member states had approached their own MiCA implementations. The repeated veto suggests these are not minor drafting concerns but represent a more fundamental disagreement about the appropriate scope of regulatory enforcement powers being written into Polish law.
The delay puts Poland in an increasingly unusual position within the EU, since MiCA is designed to function as a harmonized, bloc-wide framework that allows crypto firms licensed in one member state to passport their services across the entire EU. With Poland's own implementing legislation stalled, businesses operating there face continued uncertainty about which specific national rules apply, even as firms licensed elsewhere in the EU under MiCA can theoretically already offer services to Polish customers under the regulation's passporting provisions.
How long the standoff continues will likely depend on whether Poland's legislature can produce a revised bill that addresses Nawrocki's specific objections without diluting the enforcement provisions regulators say they need. Until that happens, Poland remains something of an outlier in the EU's otherwise increasingly unified approach to crypto-asset regulation under MiCA.
Industry groups in Poland have called for a compromise bill that preserves core investor protections while narrowing the domain-blocking authority Nawrocki objected to, though no revised legislation had been formally introduced in the immediate aftermath of the second veto.
Nawrocki's stated objections centered on two main concerns: what he described as nontransparent domain-blocking provisions within the bill, which would have given regulators authority to block access to non-compliant crypto platforms, and the overall complexity of the legislation relative to how other EU member states had approached their own MiCA implementations. The repeated veto suggests these are not minor drafting concerns but represent a more fundamental disagreement about the appropriate scope of regulatory enforcement powers being written into Polish law.
The delay puts Poland in an increasingly unusual position within the EU, since MiCA is designed to function as a harmonized, bloc-wide framework that allows crypto firms licensed in one member state to passport their services across the entire EU. With Poland's own implementing legislation stalled, businesses operating there face continued uncertainty about which specific national rules apply, even as firms licensed elsewhere in the EU under MiCA can theoretically already offer services to Polish customers under the regulation's passporting provisions.
How long the standoff continues will likely depend on whether Poland's legislature can produce a revised bill that addresses Nawrocki's specific objections without diluting the enforcement provisions regulators say they need. Until that happens, Poland remains something of an outlier in the EU's otherwise increasingly unified approach to crypto-asset regulation under MiCA.
Industry groups in Poland have called for a compromise bill that preserves core investor protections while narrowing the domain-blocking authority Nawrocki objected to, though no revised legislation had been formally introduced in the immediate aftermath of the second veto.