PANews reported on February 28th, citing Bloomberg, that Polish online brokerage XTB stated that the political deadlock surrounding the EU's Crypto Asset Market Regulation ( MiCA ) is hindering its cryptocurrency business expansion. XTB planned to launch cryptocurrency trading in Poland, but the process has been stalled due to the country's failure to align its regulations with MiCA . Polish President Karol Nawrocki has twice vetoed the relevant legislation, and financial regulators have warned that if local institutions do not obtain licenses from other EU countries by July 1st , they may lose their eligibility to provide cryptocurrency services. XTB is considering applying for a cryptocurrency license in Cyprus as an alternative, but stated that this would weaken its customer acquisition and marketing capabilities in Poland.