TechFlow News: On February 14, Cryptopolitan reported that Polish President Karol Nawrocki vetoed, for the second time, the cryptocurrency bill aimed at incorporating the EU’s MiCA regulation into domestic law. The bill has drawn criticism for granting excessive authority to Poland’s Financial Supervision Authority (KNF), including the power to suspend cryptocurrency trading and impose fines of up to 10 million zlotys (approximately $2.8 million) for violations. The KNF warned that if the bill fails to pass by July 1, all domestic crypto platforms risk operating illegally. Industry representatives fear that, under the current version of the bill, Polish crypto firms may be forced to relocate to more regulatorily friendly European regions such as the Baltic states. Currently, Prime Minister Donald Tusk’s government lacks the two-thirds majority in parliament required to override the presidential veto.
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