Poland remains the only European Union country without a functioning domestic Markets in Crypto-Assets (MiCA) licensing regime, leaving about 2,000 local firms in regulatory uncertainty. According to NS3.AI, the absence of an implementing framework has forced companies to consider seeking licenses in other jurisdictions or face the risk of shutting down.
The report said President Karol Nawrocki has repeatedly vetoed the law intended to implement MiCA domestically, preventing the establishment of a local authorization process.
KNF spokesman Jacek Barszczewski said no Polish public authority has been designated to supervise MiCA-covered activity, with the exception of electronic money token (EMT) issuers.