Poland's crypto law fails to pass parliament for the second time, hindering regulatory progress.

PANews reported on April 18 that, according to Cointelegraph, the Polish parliament once again failed to overturn President Karol Nawrocki's veto of a crypto regulatory bill, continuing the political deadlock in the country on the path to digital asset regulation.

In the latest vote, lawmakers failed to reach the 263-vote threshold required to overturn the veto, with only 243 votes against and 191 in favor. The bill, pushed by Prime Minister Donald Tusk, aims to align Poland with the EU's Crypto-Asset Market Regulatory Framework (MiCA), which Poland remains one of the few member states that has not yet implemented.

The president's side, however, maintained its opposition, citing excessive regulation, lack of transparency, and the potential increase in burden on small and medium-sized enterprises. Finance Minister Andrzej Domański warned that a lack of regulation could turn the market into a "haven for scammers," increasing risks for investors.

Furthermore, Zonda, Poland's largest cryptocurrency exchange, has also been embroiled in controversy. The government has accused it of links to illicit funds, while CEO Przemysław Kral has denied these allegations and stated that he will take legal action to protect his rights. This vote marks the second time, since December of last year, that a presidential veto has failed to overcome the bill, leaving its future uncertain.

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Author: PA一线

This content is for market information only and is not investment advice.

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