Poland Defies Crypto Industry Backlash to Enforce Stricter MiCA Implementation
Poland's Sejm overrode presidential objections to pass controversial crypto legislation, aligning with EU's MiCA framework while imposing additional local restrictions. The move sparked immediate industry warnings about business flight from Europe's largest Eastern crypto market.
President Karol Nawrocki's veto fell short as 241 lawmakers voted to adopt the Crypto-Asset Market Act, exceeding the three-fifths threshold required. The law's stringent provisions—exceeding baseline MiCA requirements—have drawn fire from domestic exchanges fearing operational constraints.
Market participants anticipate platform exits as Warsaw positions itself at the vanguard of EU crypto regulation. The legislation's passage follows months of political wrangling, with the ruling coalition initially failing to muster sufficient votes for the override.
