MiCA in Poland: What's known as of March 2026

The MiCA (Markets in Crypto-Assets Regulation) has become a key milestone in the creation of a single crypto market in the European Union. It will be fully implemented by the end of 2024 and introduces uniform rules for crypto companies, including licensing and transparency requirements.

However, in Poland, the implementation of MiCA remains unclear, creating certain challenges for businesses.

General Status of Regulation

Although MiCA is already in effect at the EU level, each country must implement national control and licensing mechanisms. Poland has developed a special cryptoasset law for this purpose.

As of March 2026:

• The national law has not yet been adopted
• MiCA implementation is effectively stalled
• There is no full-fledged licensing system

This makes Poland one of the few EU countries where the MiCA adaptation process remains incomplete.

Veto of the Law and Its Consequences

A key event was the president's repeated veto of the cryptoasset law in February 2026.

This law was intended to:

• implement MiCA provisions into national law
• appoint a regulator (KNF)
• create a CASP licensing system

However, its rejection led to a so-called "regulatory vacuum." As a result:

• companies are unable to obtain local licenses
• the market remains in a state of uncertainty
• businesses are considering other EU jurisdictions

Transition Period and Deadlines

MiCA provides for strict transition deadlines. The key date is July 1, 2026.

By that date:

• all crypto companies must obtain a CASP license
• without a license, operations in the EU will be prohibited

The problem is that Poland does not yet have a mechanism for obtaining such a license. This creates risks for local companies, who may lose their ability to operate.

Current situation for businesses

In practice, the market looks like this:

• Old VASPs operate in a limited capacity
• New companies are unable to register
• Foreign players with licenses from other EU countries are gaining an advantage

Some Polish crypto companies are already considering moving to more established jurisdictions, such as Lithuania or Estonia.

Prospects for 2026

Poland is expected to adopt the necessary legislation, but the timing remains uncertain. The main discussions concern:

• the level of regulatory oversight
• the financial burden on businesses
• the balance between security and innovation

Until the law is passed, the market will remain uncertain, making the choice of jurisdiction critical for crypto projects.

Conclusion

As of March 2026, MiCA is formally in effect in Poland as part of EU law, but in practice, its provisions remain unimplemented at the national level. This creates legal uncertainty for crypto companies and complicates the licensing process. In these circumstances, choosing the right jurisdiction and strategy for entering the EU market is especially important. IT-OFFSHORE is ready to assist with situational analysis, selecting the optimal licensing country, and supporting crypto businesses in compliance with MiCA requirements.