Lower house re-approves crypto asset law aligned with EU MiCA framework
Poland’s lower house of parliament has once again approved a controversial cryptocurrency regulation bill, sending it back to the Senate and reigniting political debate over the country’s approach to digital asset oversight. The move follows an earlier presidential veto and underscores growing tension between lawmakers, regulators, and the domestic crypto industry.
The Sejm voted to approve the Crypto-Asset Market Act with 241 lawmakers in favor, advancing the same version of the bill that was vetoed earlier this month by President Karol Nawrocki. The legislation was passed without amendments and forwarded to the Senate for further debate and review.
The bill is designed to bring Polish law in line with the European Union’s Markets in Crypto-Assets (MiCA) regulation, which establishes a unified regulatory framework for digital assets across EU member states.
Concerns over regulatory overreach
Despite its stated alignment with MiCA, the proposal has drawn criticism from both political leaders and industry participants. Opponents argue the law grants broad enforcement powers to the Polish Financial Supervision Authority, including the ability to block websites and impose multimillion-zloty fines.
Critics warn that the provisions exceed EU requirements, potentially increasing compliance costs and disproportionately impacting smaller crypto firms. The bill’s length, exceeding 100 pages, has also been cited as excessive compared with more streamlined implementations adopted by other EU countries.
Government stance and next steps
Prime Minister Donald Tusk’s government defended the decision to reintroduce the bill unchanged, emphasizing the need for stronger national oversight of crypto markets and consumer protection. If the Senate approves the legislation, it will return to the president, who retains the authority to veto it again.
Poland’s renewed push for crypto regulation highlights the challenges of balancing EU harmonization, domestic oversight, and industry innovation. The Senate’s decision will be critical in determining whether the law advances or faces another political setback.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.