ChainCatcher reported, citing Reuters, that Polish President Karol Nawrocki has vetoed a cryptocurrency regulation bill for the third time. The bill was designed to implement the European Union’s Markets in Crypto-Assets Regulation, known as MiCA, and Poland is required to complete approval by July. The Polish parliament had already passed the bill in May, but the president’s latest veto leaves the domestic legislative process unresolved.
The bill has advanced against the backdrop of a widening scandal over the collapse of the country’s largest cryptocurrency exchange, as well as disputes over regulatory responsibilities. Nawrocki said he supports regulation of the crypto sector and consumer protection, but argued that the government’s latest version failed to adopt most of the amendments previously proposed by the presidential office.
According to Nawrocki, he will sign the bill into effect only if parliament revises the text in line with the presidential office’s comments. The veto sends the issue of how Poland will implement MiCA in national legislation back to parliament, with the disagreement centered on the gap between the current version of the bill and the president’s requested changes.