CryptoSlate
Poland's Sejm failed on September 4 to override President Karol Nawrocki's June 11 veto of the legislation needed to fully implement the EU's Markets in Crypto-Assets (MiCA) framework. Lawmakers recorded 241 votes to re-enact the bill, 198 against and three abstentions, falling short of the two-thirds threshold needed to break a presidential veto. Without the law, Warsaw has not designated the domestic authority required to process ordinary MiCA applications, and the Polish Financial Supervision Authority has confirmed authorization proceedings cannot begin.
Why it matters
The July 1 expiration of Poland's MiCA transition period already stripped local firms of their previous virtual-currency activity registration as a legal basis to keep operating. The Katowice Tax Administration Chamber has ruled that an entry on that old register no longer provides authorization, and Polish regulators have said neither domestic legislation nor an administrative decision can extend the transition. Polish-licensed venues are therefore stuck in a legislative gap, while any firm that has secured MiCA authorization from another EU member state can keep serving Polish customers via cross-border notification.
Market impact
MiCA's passporting rules let an authorized crypto-asset service provider notify its home regulator of the countries and services it intends to cover, and begin cross-border activity once it has transmitted the required information or after the applicable waiting period. Polish regulators have confirmed that channel remains open. The asymmetry reshapes competitive economics: a Polish crypto group can still reach domestic users through an EU-authorized affiliate, but a company relying only on its old Polish registration cannot. Until the Sejm passes the outstanding designation legislation, the fastest route to Polish customers for most applicants runs through another European capital.
Frequently asked questions
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Why is Poland unable to issue MiCA crypto licenses?
The Sejm failed on September 4 to override President Karol Nawrocki's June 11 veto of the legislation needed to implement MiCA. Without that law, Poland has not designated the domestic authority required to process ordinary MiCA applications, and the Polish Financial Supervision Authority has confirmed proceedings…
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When did Poland's MiCA transition period end?
The maximum MiCA transition period expired on July 1. After that date, companies could no longer rely on Poland's previous virtual-currency activity register to continue operating, according to the Katowice Tax Administration Chamber.
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How are foreign EU firms still able to serve Polish customers?
MiCA's passporting rules let any crypto-asset service provider authorized in another EU member state notify its home regulator of the countries and services it intends to cover and begin cross-border activity after the applicable waiting period. Polish regulators have confirmed that route remains available.
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What happened with the September 4 vote in the Sejm?
Lawmakers recorded 241 votes to re-enact the MiCA implementation bill, 198 against and three abstentions, falling short of the two-thirds threshold required to override a presidential veto.
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What does this mean for Polish-registered crypto firms?
Local firms without EU authorization cannot legally serve customers through their old Polish registration, but a Polish crypto group can still reach domestic users through an EU-authorized affiliate that has completed the cross-border notification process. The quickest path to Polish customers for now runs through…
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