Brokerage firm XTB says the regulatory deadlock in Poland is hindering its crypto business expansion.

PANews reported on February 28th, citing Bloomberg, that Polish online brokerage XTB stated that the political deadlock surrounding the EU's Crypto Asset Market Regulation ( MiCA ) is hindering its cryptocurrency business expansion. XTB planned to launch cryptocurrency trading in Poland, but the process has been stalled due to the country's failure to align its regulations with MiCA . Polish President Karol Nawrocki has twice vetoed the relevant legislation, and financial regulators have warned that if local institutions do not obtain licenses from other EU countries by July 1st , they may lose their eligibility to provide cryptocurrency services. XTB is considering applying for a cryptocurrency license in Cyprus as an alternative, but stated that this would weaken its customer acquisition and marketing capabilities in Poland.