Poland's parliament has once again failed to overturn President Karol Nawrocki's veto on a crucial crypto regulation bill, leaving the country unable to align with the EU's Markets in Crypto-Assets (MiCA) framework. As the only EU member yet to implement MiCA, Poland faces a looming deadline with the transition period ending on July 1. The regulatory uncertainty has prompted several local crypto firms, including Kanga and Zonda Crypto, to consider relocating to jurisdictions with clearer regulations such as Latvia, Czech Republic, Lithuania, and Malta.
President Nawrocki cited concerns over excessive regulation, particularly the expanded enforcement powers granted to the Polish Financial Supervision Authority (KNF), which he believes could negatively impact local businesses. This ongoing impasse highlights the challenges Poland faces in integrating EU-wide crypto regulations.
Poland Fails to Align with EU Crypto Regulations as Presidential Veto Stands
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