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The Polish House of Representatives has again passed the Crypto Asset Market Act, sending the rejected bill back to the Senate.
Deep Tide TechFlow News, December 19th, according to CoinDesk, the Polish Sejm (lower house of parliament) has once again passed the previously vetoed “Cryptocurrency Asset Market Act” by President Karol Nawrocki and sent it to the Senate for further review.
The bill was approved on Thursday with 241 votes, with the content being exactly the same as the previously rejected version. The bill aims to align Polish law with the EU’s “Markets in Crypto-Assets Regulation” (MiCA), but critics argue that it exceeds EU standards, granting the Polish Financial Supervision Authority (KNF) overly broad enforcement powers, including website blocking and fines of millions of zloty.
Nawrocki previously vetoed the bill citing vague legal provisions, excessive regulation, and high compliance costs, warning that relevant clauses could harm small businesses and enable “one-click” domain shutdowns. Despite opposition, Prime Minister Donald Tusk’s government has not made any modifications or resubmitted the bill. After review by the Senate, the bill may face veto again by the president.