Second MiCA Bill Vetoed in Poland as Crypto Deadline Nears

Poland’s attempt to adopt the EU’s unified crypto rulebook has failed for a second time. President Karol Nawrocki vetoed Bill 2064 last week, a move that stalls the implementation of the Markets in Crypto-Assets Regulation (MiCA) and encourages local crypto firms to seek licensing opportunities elsewhere in the bloc.

The president’s office made the announcement on Thursday, revealing that Nawrocki declined to sign the bill. This latest rejection is a repeat of December’s veto, with the office noting that Bill 2064 was “practically identical” to the original Bill 1424. The repeated veto suggests a fundamental disagreement with the proposed legislation at the highest level of government.

The ongoing deadlock has tangible consequences for the market. The Polish Financial Supervision Authority (KNF) has already highlighted a major gap: Poland has not designated a competent authority to supervise the crypto market. This becomes an urgent issue as the MiCA transition period officially concludes on July 1, 2026.