Poland’s President Vetoes MiCA Bill Again, Forcing Crypto Firms Offshore

 

WARSAW - The Polish President Andrzej Duda has for the second time vetoed the MiCA implementation bill, a move that has far-reaching effects in the European crypto community as it makes the country out of step with the EU’s first-ever legislation on Markets in Crypto-Assets (MiCA). This decision has left many Polish crypto companies frustrated as they are now forced to seek licenses from other countries so that they can be able to comply with the laws of the European Union.

Crypto Industry Faces Regulatory Uncertainty

The MiCA bill was meant to make it easier for digital asset businesses by creating one set of rules for all member states. Be that as it may, the fact that President Duda kept on vetoing it has caused Poland to fall back in comparison with other European countries, thus creating a lot of regulatory uncertainties and operational problems for crypto exchanges, wallet providers, and fintech startups.

The head of state is said to have expressed worries about the protection of consumers and control systems, according to some government informants who claim that he said the law needed “some more work” before it could be passed. This stand taken by the president has not been taken lightly by key players in the sector, as well as members of parliament who fear that such postponements may compromise Poland’s position vis-à-vis other countries in the digital economy.

“While other EU nations are moving forward with clear crypto regulations, Polish companies are being forced to look elsewhere,” said Marek Kowalski, a Warsaw-based blockchain policy analyst. “This veto not only delays innovation but risks driving capital and talent out of the country.”

Polish Firms Flock to Other EU Jurisdictions

The continued veto has seen many crypto companies relocate their businesses to countries neighboring Poland such as Lithuania, Estonia and Germany where they are already starting to implement frameworks that comply with MiCA. These jurisdictions provide clearer regulatory paths and simpler licensing procedures for CASPs.

It is reported that some Polish exchanges have started seeking licenses outside their home country so that they can continue accessing EU markets after MiCA comes into full force throughout the union in 2026.

“The lack of regulatory certainty makes it impossible to plan long-term,” said one Polish crypto startup founder who requested anonymity. “Moving our operations abroad was the only logical decision.”

A Missed Opportunity for Poland’s Fintech Growth

Although Poland’s fintech sector has been very dynamic in Central Europe, experts caution that any further delay in adopting MiCA could kill innovation and scare away foreign investments.

Failure by Warsaw to put into effect this law soon may see it lose its place as a regional technological hub and fail behind other countries in attracting blockchain talent and capital.