The National Bank of Poland has created an information portal that describes only risks associated with investing in cryptocurrencies. According to the Polish regulator, crypto coins are not currencies and have a very low level of adoption.
The Central Bank of Poland launched an aggressive campaign against cryptocurrencies, urging Polish citizens not to invest in them.
The information portal on cryptocurrencies warns that virtual currency is not electronic money.
“This is a digital implementation of a contractual value between two users that is not issued and is not guaranteed by any central bank of the world, such as Polish zloty, which is issued by the National Bank of Poland,” the portal says.
According to the Polish regulator, the virtual currency is used as an imitation of money. Also, cryptocurrencies are called pseudo-currencies, because “in most cases, it is not known who stands behind a particular cryptocurrency.”
Investments in cryptocurrencies are associated with risks of loss of funds due to cyber-attacks and theft since the cryptocurrency infrastructure is subject to such crimes. ..