Poland’s Parliament Passes MiCA Crypto Bill After Months of Political Gridlock

Poland has moved a step closer to aligning its digital asset sector with the European Union’s Markets in Crypto-Assets (MiCA) framework after lawmakers approved a long-debated crypto regulation bill on Friday.

During the 57th session of the Sejm in Warsaw, legislators voted 241–200 in favor of the proposal, marking the government’s third successful parliamentary push after previous versions were blocked by President Karol Nawrocki.

The legislation, supported by the Ministry of Finance, grants the Polish Financial Supervision Authority (KNF) broad oversight authority over crypto firms operating in the country. Under the bill, the regulator would be empowered to supervise market participants, issue administrative penalties, and temporarily restrict accounts or transactions when necessary.

Friday’s approval followed months of political disagreement surrounding how Poland should implement the EU-wide MiCA rules. Lawmakers debated four separate proposals before ultimately selecting a revised committee version that merged the government-backed bill with competing drafts submitted by the presidency, Confederation lawmakers, and parliamentary groups.

The debate also exposed sharp divisions over the extent of regulatory powers. Critics argued that controversial measures allowing account and domain blocking remain intact, despite objections raised during earlier vetoes. Some lawmakers and crypto industry voices also criticized the absence of stronger judicial safeguards to limit KNF authority.

The opposition Law and Justice (PiS) party reportedly introduced a separate proposal seeking a complete prohibition on crypto-asset activity in Poland, highlighting the widening political divide over digital asset regulation.

Industry participants remain uncertain whether the legislation will survive the next stage, with speculation growing that President Nawrocki could reject the bill once again. Continued delays risk extending regulatory uncertainty as EU implementation deadlines for MiCA approach in July.

The political debate has also intensified amid mounting scrutiny surrounding crypto exchange Zondacrypto. Prosecutors recently launched a fraud investigation linked to the platform after reports surfaced that thousands of users faced withdrawal issues.

Prime Minister Donald Tusk has publicly connected the controversy to alleged Russian-linked capital tied to the exchange’s early development, arguing that Poland’s delayed adoption of MiCA-style investor protections weakened the country’s ability to respond sooner.