Why Poland is the only EU country where crypto firms can’t get a MiCA license
President Karol Nawrocki refuses to sign a law that gives the regulator power to approve companies, forcing tech founders to look outside their own borders for permission to operate.
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Summary
- As the MiCA crypto rules take full effect, Poland is the only European Union country without a functioning domestic licensing regime, leaving about 2,000 local firms in regulatory limbo.
- President Karol Nawrocki has repeatedly vetoed the implementing law, forcing Polish crypto companies to seek MiCA licenses in other EU states or shut down operations.
- Industry executives warn that the political deadlock and high compliance costs could wipe out most Polish crypto startups, even as they support MiCA.
