Polish regulator offers 170 thousand dollars for the conduct of the campaign against the cryptocurrency

Polish regulator offers 170 thousand dollars for the conduct of the campaign against the cryptocurrency

The Commission for financial supervision (KNF) Polish campaign in social networks, the purpose of which is to inform citizens about the risks of investing in cryptocurrency, according to the official web site of the regulator.

KNF has placed the bid order in the amount of 615 000 PLN (about 173 000 USD) for planning and conducting campaign, which focuses on the risks associated with cryptocurrencies, pyramid schemes and Forex trading.

The recent initiative of the KNF, obviously, is part of a larger anticryptogamic campaign led by the authorities of the country. In mid-February, Poland’s Central Bank acknowledged that financed in the amount of 27 000$. USA video on YouTube about a man who lost all his money trading cryptocurrency.

Poland’s Central Bank and the KNF also joined efforts on creating educational web site that explains why the “virtual currency is not money”, and “cryptocurrencies are not currency.”

Also in February on the government order, a small film Studio produced a documentary film about the cryptocurrency in Poland called Krypto to educate poles about cryptographic technologies, and blockchain.

KNF accepts applications and proposals until may 18, the campaign itself will begin in June 2018 and will continue for 30 days. In the description of the initiatives the KNF also mentioned the promotion application called “KNF Alert”. According to local news publication Bitcoin.pl the campaign will include two 30-second video on television.

The previous educational campaign in Poland directed against the cryptocurrency has severely criticised, especially due to the fact video on YouTube. Poland’s Central Bank described its position, noting the volatility of cryptocurrencies and their use in committing cybercrime. The Bank noted that they are not against the development of Blockchain technology.

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