Polish Sejm Passes Crypto Bill 241-200 Amid Veto Threat

Context The lower house of Poland’s parliament finally cleared a government‑backed bill to align the country with the EU’s Markets in Crypto‑Assets Regulation (MiCA). The vote took place during the 57th Sejm sitting in Warsaw after two earlier drafts were blocked by the president.

Key Facts - The bill passed with 241 votes in favour and 200 against, falling short of the three‑fifths supermajority needed to override a presidential veto. - President Nawrocki described the revised text as “practically identical” to the version he previously rejected, signalling a likely third veto. - The legislation designates the Polish Financial Supervision Authority (KNF) as the primary regulator for crypto‑asset activities, granting it licensing and enforcement powers over service providers.

What It Means If the president signs the bill, crypto firms operating in Poland will need a KNF licence to offer trading, custody or advisory services. The KNF will also enforce consumer‑protection rules, extend market‑manipulation safeguards to digital assets, and impose reserve requirements on stablecoin issuers. A veto would send the bill back to parliament, where supporters must secure a supermajority to override the president—a threshold they have not yet reached. The outcome will shape Poland’s regulatory landscape and its ability to attract crypto businesses compared with neighboring EU states.

Watch for the president’s decision and any parliamentary move to gather the votes needed for an override.