Poland Resubmits Crypto Assets Market Act Unchanged, Seeks EU MiCA Alignment
Poland’s government has resubmitted the Crypto Assets Market Act to parliament without amendments after President Karol Nawrocki vetoed the bill last week. The legislation would align Poland’s crypto rules with the EU’s Markets in Crypto-Assets (MiCA) framework, creating unified regulation for exchanges, service providers and tokens across the bloc. Prime Minister Donald Tusk urged lawmakers to approve the measure, citing national security concerns and alleging more than 100 crypto entities in Poland have links to Russia, Belarus and other former Soviet states. The president argued the bill imposes overly strict rules that could threaten citizens’ freedoms and property; the government counters that tighter oversight is needed to counter hostile activity and sabotage. For traders, the move signals imminent regulatory harmonisation with MiCA, potential stricter compliance and monitoring for Polish-based firms, and geopolitical-driven enforcement that could prompt higher compliance costs, delistings or restrictions for certain counterparties.
Neutral
The news is categorised as neutral for price impact. The bill’s resubmission increases regulatory certainty by signalling Poland will align with EU MiCA, which can be seen as positive for market structure and long-term institutional confidence. However, the retention of strong national-security language and allegations of Russia-linked entities raise the prospect of targeted restrictions, heightened compliance costs and enforcement actions against specific firms or counterparties. Short-term market reactions may include volatility for tokens or firms with direct Polish exposure or ties to the flagged entities. Over the longer term, MiCA-aligned rules typically reduce regulatory fragmentation and could be bullish for EU market liquidity and institutional participation, but that is tempered by potential short-term friction from stricter enforcement and counterparty risk assessments. Overall, gains from regulatory clarity are likely balanced by near-term disruption for affected players, producing a neutral net price impact.