Polish lawmakers approved a government-backed bill to bring the nation’s crypto market under the EU’s MiCA framework. The vote, passing 241–200, designates the Polish Financial Supervision Authority (KNF) as the primary regulator. This marks the government’s third attempt following two presidential vetoes, and the legislation now faces potential further political hurdles and community criticism.
Polish lawmakers approved a government-backed bill Friday to bring the country’s crypto market under the European Union’s Markets in Crypto-Assets Regulation (MiCA) framework. The vote during the 57th sitting of the Sejm passed 241–200 according to official parliamentary records.
The approved bill designates the Polish Financial Supervision Authority (KNF) with powers to oversee market participants and impose administrative sanctions. It also grants the authority the ability to temporarily block accounts and transactions.
This vote marks the third attempt to pass a crypto bill following two earlier vetoes by President Karol Nawrocki. Lawmakers favored this state-backed approach over three other competing draft proposals.
One opposition draft bill proposed a complete ban on all crypto-asset activity in Poland. The latest vote was based on a consolidated committee text incorporating multiple proposals.
Market participants and commentators reacted critically to the latest Sejm vote, with some expecting another presidential veto. They cited unresolved disputes over supervisory powers and enforcement under the KNF.
Critics highlighted ongoing concerns over account and domain blocking provisions, which they say remain largely unchanged. They warned continued deadlock could prolong regulatory uncertainty ahead of MiCA implementation deadlines.
The debate has also been shaped by a deepening scandal around the exchange Zondacrypto, after prosecutors launched a fraud probe. Prime Minister Donald Tusk alleged links between Zondacrypto and Russian capital, arguing the lack of a full investor protection framework delayed regulatory action.
