Poland is a bit interesting this time.

The president has vetoed the crypto bill for the third time.
The reason is not opposition to cryptocurrency.
But concern that regulation is too heavy.
Pushing companies to other EU countries.
Polish President Karol Nawrocki has again vetoed the Bitcoin and crypto regulation bill, with the core concern being: if the rules are too strict, domestic crypto companies might directly move to other EU countries, and Poland would lose industry opportunities.
This matter is actually quite typical. Now Europe doesn't lack regulation; MiCA (the EU's Markets in Crypto-Assets framework) has already been advancing, but how each country implements it will vary greatly.
Regulation too lax, risks are easy to emerge; regulation too heavy, projects, exchanges, wallets, and service providers will directly flow out.
So Poland is now in a very delicate position: if it can design a more friendly compliance framework, there is indeed a chance to attract some European crypto companies; but if it keeps vetoing and delaying, the market will also worry about unclear regulation, and companies will be hesitant to make long-term plans.
This is not simply good news or bad news.
The real question is whether Poland is leaving space for crypto or dragging itself into a regulatory vacuum.