Poland's Crypto Framework Stalled as Sejm Fails to Override Presidential Veto

Poland's legislative body, the Sejm, was unable to override President Karol Nawrocki's veto of the country's MiCA enabling bill on April 17, leaving Poland as the sole EU member state without a domestic crypto framework ahead of the July 1 transition deadline. According to NS3.AI, industry groups have expressed concerns that the draft legislation would have granted the Polish Financial Supervision Authority (KNF) extensive powers, including imposing heavy fines and blocking websites. Representatives from various companies have indicated that the delay is prompting Polish crypto firms to consider relocating their operations abroad.