Poland upholds crypto bill veto as Zondacrypto scandal widens
Polish lawmakers failed to overturn a presidential veto of crypto legislation as the Zondacrypto investigation expands and its Estonian operator enters bankruptcy.
Polish lawmakers have failed to overturn President Karol Nawrocki’s veto of crypto legislation, with the Sejm voting 241-198 in favor of maintaining the veto, falling 25 votes short of the required 266. The vetoed bill aimed to establish Poland’s framework for implementing the European Union’s Markets in Crypto-Assets Regulation (MiCA), but President Nawrocki argued that the proposed rules would overregulate the industry.
The scandal surrounding the defunct crypto exchange Zondacrypto has intensified, with its Estonian operator declared bankrupt and Prime Minister Donald Tusk citing an expanding criminal investigation to push for stricter crypto oversight.
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