Context: The European Union's (EU) Markets in Crypto-Assets (MiCA) regulation was set to introduce a new framework for the cryptocurrency industry, with a transitional period allowing member states to implement the necessary laws. Polish President Karol Nawrocki has previously vetoed bills related to MiCA, and this latest decision comes with a looming deadline for implementation. The EU's MiCA regulation aims to provide a standardized approach to regulating cryptocurrencies across the union.