Polish president vetoes crypto regulation for the third time - Reuters

Poland's president has vetoed the country's cryptocurrency regulation for a third time, according to Reuters, extending a prolonged standoff over how digital assets should be supervised. The repeated veto leaves Poland without the updated framework that lawmakers had advanced, even as crypto activity continues across the European Union.

The practical effect is uncertainty. Without a settled national regime, Polish firms and users remain in a holding pattern, waiting to see how local rules will eventually align with the EU's Markets in Crypto-Assets (MiCA) framework, which sets harmonised requirements across member states. For market participants, the veto is less a verdict on crypto itself than a signal that the domestic political process remains unresolved.

What to watch: whether lawmakers attempt a fourth version of the bill, whether they seek the votes to override the veto, and how supervisors treat firms in the meantime. Until the deadlock breaks, expect attention to stay on the gap between Poland's national politics and the bloc-wide rules taking shape around it.