The Sejm passes the new crypto law in Poland 2026: legislative stage and immediate impact

The situation regarding domestic Virtual Asset Service Providers (VASPs) is becoming increasingly tense. Until recently, the jurisdiction was one of the most popular in the European Union (EU) for the digital asset industry. Today, those closely monitoring crypto regulatory news in Poland recognize that the market faces a severe bottleneck. Although the transition period under the Markets in Crypto-Assets (MiCA) regulation ends on June 30, 2026, as of May 2026, the country still lacks an active national act to finalize MiCA implementation in Poland.

The urgency behind the crypto assets market act in Poland

In an official statement dated February 10, 2026, the Polish Financial Supervision Authority (KNF) stated that companies wishing to carry out activities under MiCA locally will be able to do so only on the basis of licenses obtained in other EU member states. Currently, there is no formally designated competent authority under the Crypto Assets Market Act in Poland, rendering the domestic licensing process impossible.

The KNF emphasized that the transition period established by MiCA cannot be altered by either national legislation or a unilateral decision by the KNF itself. Without a functional Polish crypto law enacted in time, local VASPs will be unable to operate legally without securing authorization in another EU jurisdiction and using the cross-border passporting mechanism.

Current legislative stage: status of the Sejm crypto law

Although the primary draft of the Sejm crypto law has been passed by the lower house, the legislative process remains ongoing and highly volatile. The broader procedure surrounding the Polish parliament’s crypto law must still clear the upper house.

If the Senate adopts the bill without further amendments, the new crypto law in Poland will be submitted to President Karol Nawrocki in a version that differs only marginally from the one he had previously vetoed. This leaves the pressing political question of whether the President will ultimately sign the Polish cryptocurrency law or exercise a veto for the third consecutive time.

During the second reading in the Sejm, Minister Zbigniew Bogucki suggested that the outright rejection of 15 presidential amendments could result in yet another presidential veto, particularly since those specific amendments were dismissed at every stage of parliamentary consideration. For businesses, the fate of the new crypto law in Poland 2026 hangs in the balance on this final executive decision.

Immediate market impact under the pending Poland crypto act

As noted earlier, the transitional safe harbor under MiCA expires unconditionally on June 30, 2026. Even if the third iteration of the Polish crypto act is adopted and signed without any further delay, the minimum statutory timeframe for obtaining a Crypto-Asset Service Provider (CASP) authorization under MiCA is 65 working days. This timeline assumes that the submitted application is flawless and that regulators do not issue substantial follow-up requests for information.

In practice, the actual licensing process is highly likely to take much longer. As a result, the national supervisor is unlikely to issue local CASP licenses before the end of the transition period. This legislative gridlock leaves domestic crypto enterprises unable to legally continue operating under the new European regime as of July 1, 2026.

Therefore, businesses that were initially planning to obtain their primary license in this jurisdiction must urgently consider selecting an alternative EU member state to avoid business interruption.

Strategic contingency planning with Manimama Law Firm

At Manimama Law Firm, we assist enterprises in navigating this unpredictable regulatory environment. We support cross-border documentation, manage alternative EU application processes, and develop long-term compliance and passporting strategies for crypto-related businesses affected by domestic legislative delays.