On May 10, Polish Financial Supervision Authority (KNF) held a tender order[1] of 615,000 zloty (around $170,000) to plan and conduct a social media campaign that will focus on the risks associated with cryptocurrencies, pyramid schemes, and forex trading.
That sum is hardly impressive, but represents another gesture against crypto by the conservative Polish government, which has already admitted to its investments in FUD media activities in February. Nevertheless, the local crypto community has stood up for itself in an educational response.
Winter disclosures
Poland officially recognizes trading and mining of cryptocurrencies, however the state’s overall views toward crypto seemed to become more skeptical in the past months, as a trend of suspicion toward cryptocurrencies in Poland emerged alongside the news about the Bitfinex situation[2], the government’s rumored interest in Petro[3], and the dismissal of Anna Streżyńska, the former crypto-friendly Minister of Digital Affairs.
In February 2018, Polish journalists reported[4] that the Central Bank of Poland paid about 91,000 zloty (around $25,000) to produce an anti-crypto video. The video was carried out in conjunction with Polish YouTube partner network Gamellon, Google Ireland Limited, and Facebook Ireland Limited, who allegedly helped to distribute the video.
Dubbed “I LOST ALL THE MONEY?!,” the not-so-subtle clip[5] contained no signs indicating that it was paid for by the government or sponsored at all. A popular Polish blogger, Marcin Dubiela, played a Gucci-wearing, Corvette-riding cryptoenterprenuer who had invested all his money in a single token, and, by the end of the video, had hit rock bottom: wearing shorts and flip flops, he takes fiat coins out of a public fountain.
Previously, Polish journalist and YouTube blogger Karol Paciorek provided[6] more details on the campaign for
