Poland’s ruling coalition has resubmitted a comprehensive cryptocurrency bill to parliament days after President Karol Nawrocki vetoed the original proposal. The new draft, formally registered as Bill 2050, is identical to the earlier version rejected by the president.
The legislation is designed to align Poland’s domestic law with the European Union’s Markets in Crypto-Assets Regulation, known as MiCA. EU member states are required to implement MiCA-compliant national frameworks by mid-2026.
President Nawrocki vetoed the original bill earlier this month, arguing that it was excessively broad and could restrict economic freedoms. He also raised concerns about the size and complexity of the legislation, which runs hundreds of pages and introduces sweeping changes to crypto oversight.
Despite the veto, lawmakers from Prime Minister Donald Tusk’s coalition opted to reintroduce the bill without modifications. According to Cointelegraph, government representatives said the text had not been altered “even by a comma,” signaling a direct challenge to the president’s objections.
Regulatory authority and political tension
Under the proposed law, Poland’s Financial Supervision Authority, known as the KNF, would become the primary regulator for crypto-asset service providers. The bill sets out licensing requirements, supervisory powers, and enforcement mechanisms covering exchanges, custodians, and token issuers.
The resubmission has intensified political friction between the presidency and the government. Officials aligned with Tusk argue that swift adoption is essential to meet EU obligations and avoid legal uncertainty for the domestic crypto sector.
Some government figures have framed the issue as a matter of national security, arguing that delays in regulation could expose Poland to financial crime risks. Critics, including opposition politicians and industry representatives, have rejected this narrative.
Industry participants have warned that the Polish draft goes beyond what MiCA strictly requires. They argue that heavier national rules could make Poland less attractive to crypto firms compared with other EU jurisdictions implementing lighter-touch frameworks.
Why MiCA timing matters
MiCA entered into force across the EU in 2024, creating a single rulebook for crypto assets, stablecoins, and service providers. However, enforcement depends on national legislation that designates regulators and sets penalties.
With the clock ticking toward the 2026 deadline, Poland risks becoming one of the last EU countries without a fully operational MiCA framework. That could complicate passporting rights for firms operating across borders and delay market clarity.
Cointelegraph reports that government officials hope additional briefings and political pressure will persuade the president not to veto the bill again. The legislation now returns to parliament, setting the stage for another high-stakes confrontation over crypto regulation in Europe’s fifth-largest economy.