PANews, September 5: According to Polish Radio, the Polish Sejm failed to override President Karol Nawrocki’s veto of the cryptocurrency regulatory bill. In the vote, 241 of the 442 attending MPs supported overriding the veto, 198 opposed it, and 3 abstained—falling 25 votes short of the required 266. This marks President Nawrocki’s third veto of the bill. The legislation would entrust the Financial Supervision Authority (KNF) with oversight of the cryptocurrency market. The president argued that the bill imposes excessive regulation and could force Polish businesses to relocate. Prime Minister Donald Tusk urged support for the bill prior to the vote, referencing the investigation into the collapsed Zondacrypto exchange.
Poland's House Fails to Overturn President's Veto on Crypto Regulation Bill
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Summary
Poland’s House of Representatives failed to override President Karol Nawrocki’s veto of a crypto regulation bill, with 241 votes in favor and 198 against. The bill, which would have placed cryptocurrencies under the Financial Supervision Authority, was rejected for the third time. Nawrocki warned that the rules could drive firms overseas. On-chain data shows growing interest in altcoins to watch amid regulatory uncertainty. The vote fell 25 votes short of the required majority.
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