Polish Lawmakers Fail to Override President Karol Nawrocki’s Veto of Crypto Regulation Bill
Poland’s parliament could not overturn the presidential veto on the Crypto Asset Market Act, leaving EU-compliant regulations and national security measures on hold amid deep political and civil liberties debates.
Summary
On December 5, Poland’s lower house failed to secure the necessary three-fifths majority to override President Karol Nawrocki’s veto of the Crypto Asset Market Act. The proposed legislation aimed to implement EU regulatory standards and enhance national security, but faced strong criticism for potentially undermining freedoms and economic stability. The outcome delays the introduction of stricter oversight in Poland’s crypto market.
Terms & Concepts
- Crypto Asset Market Act: A legislative proposal in Poland to regulate the cryptocurrency market by incorporating EU MiCA standards and adding national security-oriented measures.
- Markets in Crypto-Assets (MiCA): The European Union’s regulatory framework standardizing rules for crypto-asset markets across member states.