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Poland Upholds Crypto Bill Veto as Zondacrypto Probe Widens
Lawmakers fell short of the votes needed to override the veto as prosecutors said losses tied to Zondacrypto reached at least 350 million zlotys.
- On Friday, the Sejm failed to override President Karol Nawrocki's veto of crypto legislation, voting 241-198 and falling 25 votes short of the 266 needed to enact the rules.
- The legislation was designed to implement the European Union's Markets in Crypto-Assets Regulation and place oversight under the Polish Financial Supervision Authority , though Nawrocki argues the proposed rules go too far.
- Tensions coincide with an expanding probe into Zondacrypto, formerly known as BitBay, whose Estonian operator Trade Estonia was declared bankrupt in August with prosecutors estimating no less than 350 million Polish zlotys in losses.
- Prime Minister Donald Tusk disclosed witness testimony alleging a 2 million Polish zloty payment arrangement involving a foundation linked to former Justice Minister Zbigniew Ziobro, with investigators merging the case to the 2022 disappearance of founder Sylwester Suszek.
- Despite the European Union's MiCA applying across the bloc, the KNF confirmed Friday that Poland remains without a designated supervisor, leaving the nation's regulatory framework unresolved as investigations continue.
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CointelegraphReposted by 
The New York Ledger
The New York LedgerPoland Upholds Crypto Bill Veto as Zondacrypto Probe Widens
Polish lawmakers failed to overturn President Karol Nawrocki’s crypto bill veto as an expanding Zondacrypto investigation adds pressure for tighter oversight.
·New York, United States
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Cryptocurrency News | Cryptocurrency Prices | Market Cap
Cryptocurrency News | Cryptocurrency Prices | Market CapPoland crypto bill blocked after third presidential veto
Poland’s Sejm has fallen 25 votes short of overriding President Karol Nawrocki’s third veto of a crypto regulation bill, with 241 lawmakers supporting the measure against the 266 required. Polish Radio reported on Sept. 4 that Poland’s lower house failed…
The Polish parliament failed to overcome President Karol Nawrocki’s third veto of the crypto asset market law, leaving the country without a completed national framework for implementing the European MiCA regulation.
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