Poland Stands Alone in the EU on MiCA: What Went Wrong?
The post Poland Stands Alone in the EU on MiCA: What Went Wrong? appeared on BitcoinEthereumNews.com.
Poland just became the European Union’s lone holdout on MiCA bill, and it happened in the most avoidable way: a political deadlock that left the country without a domestic crypto framework while the rest of Europe moves ahead. The failed vote to overturn the president’s veto didn’t just stall a bill. It wiped the slate clean. Lawmakers will now have to start the entire legislative process from scratch, even as the EU’s markets gear up for full MiCA enforcement. Why the Veto Override Failed The Sejm fell 18 votes short of the three-fifths majority needed to overturn President Karol Nawrocki’s veto of the Crypto-Asset Market Act. The Prime Minister’s camp expected a tough battle, but the gap exposed a deeper political divide between Tusk’s pro-EU coalition and Nawrocki’s nationalist base. Tusk positioned the bill as a national security requirement. He argued that digital assets were being used as discreet funding channels for Russian intelligence services and organized crime. Nawrocki rejected that framing outright. To him, the legislation was excessively complex compared to how other EU states implemented MiCA bill, and the compliance burden risked pushing Polish crypto firms abroad. His chancellery chief put it bluntly: claiming that voting against the bill equated to supporting the Russian mafia was an exaggerated and unfair dichotomy. Industry Split on the Bill’s Impact Crypto market voices didn’t offer a unified push either. Some groups pressed for regulatory clarity after years of uncertainty, but others warned that the proposed framework overreached. The CEO of Zondacrypto, one of Poland’s largest exchanges, went as far as calling it a step backwards. He argued that the bill’s language risked criminalizing legitimate development work in blockchain technology. This internal split weakened the political momentum the Prime Minister needed. Without overwhelming industry support or a unified parliamentary bloc, the veto…
Filed under: News - @ December 7, 2025 2:24 pm