Overview
- The Sejm failed to override President Karol Nawrocki’s veto on Sept. 4, leaving the implementing law unpassed and the country without a legally designated MiCA competent authority.
- The Polish Financial Supervision Authority (PFSA) has said it cannot begin ordinary MiCA authorization proceedings until the law names the domestic authority that will handle applications.
- Under EU MiCA rules, crypto-asset service providers authorized in one member state may notify their home regulator and then offer services across the bloc, a route Polish regulators confirm remains open.
- The July 1 transition deadline ended Poland’s temporary virtual-currency register and the Katowice Tax Administration Chamber ruled those entries no longer provide legal authorization to operate.
- With domestic authorization blocked, Polish crypto firms face a licensing bottleneck that will likely push many to seek MiCA approval in other EU capitals while the Finance Ministry prepares a revised bill as the next step.