Polish President Vetoes Crypto Bill for Third Time, Delaying MiCA Adoption
Summary
- The Polish president exercised a third veto on a cryptocurrency regulation bill, delaying adoption of the EU crypto regulation MiCA.
- The latest veto will further delay Poland's inclusion in the MiCA framework.
- From July 1, Poland-based crypto companies without a MiCA license could lose the legal basis to provide services in the EU.
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Poland's adoption of the European Union's crypto regulatory framework has been delayed again.
Cointelegraph reported on June 12 that Polish President Karol Nawrocki vetoed a cryptocurrency regulation bill for a third time on June 11. The bill would incorporate the EU's Markets in Crypto-Assets regulation, or MiCA, into Polish law.
Nawrocki said he supports regulation of the crypto market. But the government adopted only one of 16 key amendments proposed by the presidential office, he said. He added that the bill was effectively the same as the versions he had already vetoed twice.
The latest veto will further delay Poland's inclusion in the MiCA framework. Cointelegraph said Poland is now the only EU member state that has not implemented MiCA. From July 1, Poland-based crypto companies without a MiCA license could lose the legal basis to provide services in the EU.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
