Polish parliament fails to override presidential veto on crypto oversight bill
Poland's Sejm fell 25 votes short of the three-fifths majority needed to overturn President Nawrocki's veto of MiCA implementation legislation.
Why it matters
Poland remains without a designated crypto supervisor under MiCA, leaving regulatory authority unclear as the Zondacrypto case unfolds. The repeated vetoes signal ongoing political resistance to crypto oversight in a key EU market.
Key facts
The Sejm voted 241-198 to override the presidential veto, with three abstentions, falling 25 votes short of the 266 needed.
241Reported by Cointelegraph
Nawrocki argued the proposed rules would overregulate the industry.
Reported by Cointelegraph
The vetoed legislation was designed to establish Poland's national framework for applying the EU's MiCA regulation.
Reported by Cointelegraph
Oversight of the crypto market would have been placed under the Polish Financial Supervision Authority (KNF).
Reported by Cointelegraph
KNF confirmed Poland still lacks a designated authority responsible for supervising the cryptoasset market.
Reported by Cointelegraph
The Estonian operator of defunct crypto exchange Zondacrypto has been declared bankrupt.
Reported by Cointelegraph
Prime Minister Donald Tusk cited an expanding criminal investigation to push for tighter crypto oversight.
Reported by Cointelegraph
What happened
Polish lawmakers in the Sejm voted 241-198 on Friday to override President Karol Nawrocki's veto of crypto market legislation, with three abstentions, falling short of the 266 votes required. The vote marks the third time Nawrocki has rejected the bill, which would have established Poland's framework for applying the EU's Markets in Crypto-Assets Regulation and placed crypto oversight under the Polish Financial Supervision Authority. Cointelegraph reported that the legislative impasse coincides with a widening investigation into the defunct Zondacrypto exchange, whose Estonian operator has been declared bankrupt. Prime Minister Donald Tusk has used the expanding criminal probe to argue for tighter crypto oversight. KNF confirmed that Poland still lacks a designated authority responsible for supervising the cryptoasset market. Because this account relies on a single outlet, all claims should be treated as reported rather than independently verified.
How the story developed
- First report
First report by Cointelegraph
Poland upholds crypto bill veto as Zondacrypto scandal widens
- Update
Nawrocki vetoes crypto legislation (first time)
President Nawrocki vetoed the bill, arguing it would overregulate the industry.
- Official statement
KNF confirms Poland lacks crypto supervisor
KNF stated on Friday that Poland still has no designated authority for cryptoasset market supervision.
- Update
Estonian operator of Zondacrypto declared bankrupt
The Estonian operator of the defunct Zondacrypto exchange was declared bankrupt.
- Update
Sejm votes to override veto and falls short
The Sejm voted 241-198 on Friday, 25 votes short of the 266 needed to override the veto.
Affected entities
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| Cointelegraph Crypto media | Poland upholds crypto bill veto as Zondacrypto scandal widens | Original |
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