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Poland Fails to Complete MiCA Legislative Framework, Some Crypto Firms Consider Relocation Abroad
On April 22, the Polish parliament has yet to pass the domestic legislation related to the EU’s Markets in Crypto-Assets Regulation (MiCA), making Poland the last EU member state to complete the relevant legislation. As the MiCA transition period is set to end on July 1, if the bill remains stalled, local crypto companies may face greater obstacles to compliant operations in the European market, with some firms considering relocation to countries such as Latvia and the Czech Republic. Previously, Polish President Karol Nawrocki vetoed the bill twice, citing concerns over regulatory burdens and potential impacts on small businesses.