Poland’s parliament failed on September 4 to override President Karol Nawrocki’s veto of legislation needed to partially implement the EU’s MiCA crypto-asset regulation. With 241 votes in favor, 198 against and 3 abstentions, the required threshold was not met, leaving the country without a designated domestic authority to process MiCA license applications. Polish firms remain unable to initiate authorization proceedings while competitors authorized in other EU member states retain access to the Polish market through MiCA’s cross-border passport. This deadlock, occurring more than two months after the transition period expired on July 1, ends the validity of the old virtual currency activity register and pushes local businesses to seek authorization in another member state.
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