Poland's crypto regulation bill vetoed by President Nawrocki for third time - Cryptopolitan

Crypto Insight Summary: * The veto leaves Poland as the only EU member state without a national framework implementing the MiCA crypto rules ahead of the July 1 deadline. * Nawrocki says he supports crypto regulation but wants stronger judicial oversight and greater protections against wrongful account freezes. * The standoff raises the risk that Polish crypto firms may need to seek licenses elsewhere in the EU to continue operating after MiCA takes effect. The EU rule has a July 1 compliance deadline, which is less than three weeks away, placing Poland in a difficult position in the bloc. Nawrocki returned the bill to parliament with a message that carried the same objections he raised in his first veto last November and his second in February. He cited overregulation, excessive powers granted to Poland’s Financial Supervision Authority (KNF), and insufficient consumer protection as his reasons. “Bad law does not become good law simply because it is passed a hundred times,” Nawrocki said in a [video posted to X](https://www.polskieradio.pl/395/7784/Artykul/3697374,polish-president-vetoes-cryptoassets-bill-for-third-time). He added that only one of 16 modifications his office submitted had been adopted by lawmakers. 241 deputies in the Sejm voted in favor and 200 voted against. [Nawrocki stated](https://www.reuters.com/business/finance/polish-president-vetoes-crypto-regulation-third-time-2026-06-11/) that he is in support of regulating the crypto market. Crypto Insight Analysis: Direction: Neutral Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Poland's delay in MiCA implementation creates uncertainty but doesn't significantly impact global crypto markets.