Poland’s Crypto Legislation Passes Sejm Once More, Overriding Presidential Objections — Will “Restrictive” Regulations Remain?

Poland’s lower legislative chamber has once more endorsed a controversial cryptocurrency bill, reigniting a regulatory initiative that President Karol Nawrocki had previously blocked just weeks prior.

This sets the stage for another clash regarding the extent to which the nation should regulate its digital asset market.

During a vote on Thursday, the Sejm approved the Crypto-Asset Market Act with 241 lawmakers voting in favor, 183 against, and one abstention.

Source: Sejm

The legislation, which had been vetoed by Nawrocki earlier, was sent to the Senate on Friday for additional review.

Reintroduced Without Modifications, Poland’s Crypto Bill Tests Presidential Authority

Lawmakers reintroduced the bill unchanged, despite the president’s prior concerns that it posed risks to civil liberties, property rights, and legal certainty.

The legislation aims to align Poland’s cryptocurrency regulations with the European Union’s Markets in Crypto-Assets Regulation, known as MiCA, which all member states are required to implement by July 2026.

Poland is currently the only EU nation that has not yet established a national framework to complement the EU-wide regulations, a situation the government claims has left the domestic market vulnerable to exploitation and external interference.

The renewed vote comes after weeks of political strain, as Nawrocki had vetoed the same legislation in December after it passed both chambers of parliament.

Poland fails to override presidential veto on MiCA‑style crypto law, becomes the only EU state without formal crypto regulation
#Poland #MiCA https://t.co/31UF7UNNHd

— Cryptonews.com (@cryptonews) December 5, 2025

Critics argued that the bill exceeded EU requirements and conferred excessively broad powers to authorities, including the ability to block crypto-related websites via administrative orders.

At that time, lawmakers were unable to achieve the three-fifths majority necessary to override his veto, compelling the government to restart the legislative process.

Poland’s Bill Tightens Control Over Crypto Firms

The proposed legislation would place crypto-asset service providers under the oversight of the Polish Financial Supervision Authority, or KNF.

Exchanges, custodians, and issuers would be mandated to obtain licenses, fulfill capital and compliance requirements, and comply with anti-money laundering regulations.

The KNF would be empowered to impose fines of up to 10 million zlotys and, in severe cases, pursue prison sentences of up to five years.

Poland’s crypto-asset market bill advances to the Senate, introducing licensing, fines up to 10M PLN, and potential prison terms. #cryptobill #Poland https://t.co/a8R1O4iGBc

— Cryptonews.com (@cryptonews) September 29, 2025

Critics from various political factions and within the crypto sector have cautioned that the framework is among the most stringent in the EU.

Opposition lawmakers have highlighted the KNF’s average licensing duration of approximately 30 months, the longest in the bloc, and contended that the regulations could drive firms to relocate to jurisdictions with more lenient implementations of MiCA.

Poland’s President Faces Defining Decision on Controversial Crypto Regulations

Industry representatives have indicated that the bill poses a risk of disrupting a market estimated to cater to around three million users in Poland.

Nawrocki, who assumed office in June after narrowly winning the presidency with 50.89% of the vote, had previously aligned himself with industry concerns during his campaign.

Poland has elected Karol Nawrocki, a conservative who asserts that crypto should be “born in freedom, not buried in red tape.” #poland #crypto https://t.co/BVJXhQBnrK

— Cryptonews.com (@cryptonews) June 2, 2025

In a May post on X, he promised that “no oppressive laws” would be enforced on the digital asset sector, stating that Poland required innovation rather than excessive regulation.

His office has since expressed a willingness to consider regulation in principle, as long as it does not exceed EU standards. The government now suggests that the impasse may be approaching resolution.

A spokesperson mentioned that the president recently received a classified security briefing that provided him with “full knowledge” of the bill’s implications, raising expectations in Warsaw that he may sign the legislation if it reaches his desk again.

If the Senate endorses the measure without amendments, it will return to Nawrocki for a final decision.

The post Poland Crypto Bill Clears Sejm Again, Defying President — Will “Restrictive” Rules Stick? appeared first on Cryptonews.