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Veto holds after vote
Poland’s Sejm again failed to overturn President Karol Nawrocki’s veto of a crypto regulation bill, voting 241-198 on Friday but falling 25 votes short of the 266 needed for the three-fifths majority.
“necesitaba 266 votos y quedó 25 sufragios por debajo del umbral”
DiarioBitcoin said the Sejm “necesitaba 266 votos y quedó 25 sufragios por debajo del umbral,” leaving the veto in place and prolonging uncertainty over how Poland will apply MiCA domestically.
KuCoin reported that the bill would have assigned crypto market supervision to Poland’s Financial Supervision Authority (KNF) as MiCA applies across the EU, but the override attempt missed the threshold “with three abstentions.”
The dispute centers on whether a national framework is necessary for licensing and enforcement, while KNF has said Poland still lacks a designated authority responsible for supervising cryptoassets despite MiCA already taking effect across the European Union.
Tusk cites Zondacrypto
Prime Minister Donald Tusk urged lawmakers to support the bill while referencing the Zondacrypto investigation, and KuCoin said the case widened amid bankruptcy proceedings against Zondacrypto’s Estonian operator.
KuCoin reported that Tusk disclosed excerpts from testimony alleging improper attempts to influence political figures, including a “2 million Polish zloty ($550,000) payment arrangement involving a foundation linked to former Justice Minister Zbigniew Ziobro.”
FinanceFeeds said the president’s objections focused on “los costes de cumplimiento y las disposiciones que podrían permitir a las autoridades bloquear sitios web,” arguing the proposed framework would impose excessive burdens and grant powers he viewed as too broad.
In parallel, prosecutors are investigating suspected fraud and money laundering tied to Zondacrypto, with losses estimated at no less than 350 million PLN, while BB Trade Estonia was declared bankrupt by an Estonian court in August and the first creditors’ meeting was scheduled for Sept. 17.
What’s at stake next
With the veto remaining in place, Poland continues without a domestic MiCA supervisor framework, and KuCoin said KNF has stated Poland still lacks a designated authority responsible for supervising the cryptoasset market despite MiCA already applying across the European Union.
“KNF has said Poland still lacks a designated authority responsible for supervising cryptoassets”
DiarioBitcoin said the law would have designated the Autoridad de Supervisión Financiera de Polonia as responsible for the market of cryptoactivos under MiCA, but the failure to reach the 266-vote threshold kept the country in “incertidumbre” over implementation.
The continuing Zondacrypto fallout is also shaping the political fight, as FinanceFeeds tied the debate to the investigation into alleged fraud and blanqueo de capitales and to the operator’s bankruptcy, with the first creditors’ meeting set for el 17 de septiembre.
For market participants, the sources describe the practical risk as regulatory ambiguity around licensing, oversight procedures, and enforcement coordination while MiCA rules apply EU-wide but Poland lacks the national structure to implement them in practice.