Poland parliament blocks crypto oversight bill again

TLDR

Polands parliament has again failed to overturn the presidents veto of a crypto oversight bill, leaving the country without a clear MiCA regulator and its crypto sector in regulatory limbo.

1. The Sejm voted 241198 to override the veto but fell 25 votes short, so the crypto-oversight bill remains blocked and KNF is not the official crypto supervisor.
2. The clash is tied to a deepening Zondacrypto exchange scandal and a political fight over whether the bill overregulates crypto or protects consumers.
3. Poland is now the outlier in the EUs MiCA rollout, and firms and users should watch for a revised bill and possible pressure to seek licenses abroad.

Deep Dive

1. What Was Blocked And What Is The Current Status?

On 4 September 2026, Polands Sejm voted 241 in favor, 198 against, with 3 abstentions on overriding President Karol Nawrockis veto of the Crypto-Asset Market Act, missing the required three fifths majority of 266 votes. Multiple reports confirm this was the third unsuccessful attempt to override his veto and that the bill remains blocked, leaving MiCA implementation incomplete in Poland.

The vetoed bill would have made the Polish Financial Supervision Authority (KNF) the national supervisor for crypto and created a licensing and reporting regime aligned with the EUs Markets in Crypto Assets Regulation (MiCA), which already applies EU wide. KNF has publicly stated that Poland still lacks a designated authority responsible for supervising the cryptoasset market under MiCA.

2. Politics, Zondacrypto And The Regulatory Fight

Nawrocki has vetoed crypto oversight bills three times, arguing they overregulate the industry, increase regulatory costs, and grant authorities broad powers to block websites, while saying he supports a more targeted fraud focused approach. Government backed drafts reportedly incorporated only a small subset of his proposed changes.

At the same time, the now defunct Zondacrypto exchange (formerly BitBay) is under investigation for suspected fraud and money laundering, with losses estimated around 350 million zlotys (about 95 million dollars), and its Estonian operator declared bankrupt. Prime Minister Donald Tusk has used witness testimony from the Zondacrypto probe, including alleged political payments linked to former Justice Minister Zbigniew Ziobro, to argue for tighter oversight and accuse opposition parties of shielding crypto related misconduct.

This combination of a high profile exchange collapse and a sharp political divide has turned a technical MiCA alignment bill into a broader struggle over corruption, regulatory scope, and presidential power.

Confidence: high because several independent outlets report the same vote counts, veto history, and Zondaccrypto details.

3. Impact On Polish Crypto Firms And What To Watch Next

Because Poland has not designated a MiCA supervisor, analysts note it is now the only EU member state that has not fully adapted its framework, which may complicate local firms relationships with banks and payment partners and encourage registration in other EU countries that already issue MiCA licenses.

Polands Finance Ministry is reportedly drafting a new bill, and future progress likely depends on a text that addresses Nawrockis concerns about enforcement powers and costs while satisfying EU alignment and domestic pressure after Zondacrypto. Key signals to watch are:

1. Publication of a revised draft bill and how it trims KNF powers or penalties.
2. Any interim guidance from KNF or the government on how Polish firms should comply with MiCA, possibly via licenses in other EU states.
3. Further Zondacrypto case developments that could either increase the push for strict rules or fuel arguments against overreach.

Conclusion

Polands repeated failure to pass a crypto oversight framework keeps its market in a unique EU position where MiCA exists without a clear national supervisor. The combination of the Zondacrypto scandal and political disagreement over how heavy regulation should be is delaying clarity for firms and users. Until a compromise bill emerges, the practical path for many Polish crypto providers is likely to seek licensing abroad while watching closely for domestic regulatory shifts.