Polish Bitcoin Association Fight With Banks
As you probably know, banks in Poland started a fight with cryptocurrency companies; first they were closing their accounts, now they did not even want to open an account for crypto-based businesses.
According to the PSB Twitter, they issued a letter to the Polish Office of Competition and Consumer Protection (UOKiK).
Wczoraj złożyliśmy pismo do UOKiK dot. utrudniania przez banki zakładania kont bankowych podmiotom kryptowalutowym, a tym samym utrudniania im prowadzenia działalności gospodarczej. pic.twitter.com/8MXGB5rfyM
— Polskie Stow Bitcoin (@Bitcoin_org_pl) 27 czerwca 2018
“Yesterday [26.06.2018], we filed a letter to UOKiK regarding the banks’ hindering the establishment of bank accounts for cryptocurrency entities, and thus hindering them from running a business.”
Finance Magnates, the PSB indicated in their complaint “15 financial institutions” which refused to open a bank account to 52 crypto-based companies and “in other cases closed banking account” of 25 entities. The leading bank which is refusing and also closing accounts is a fourth-largest bank in Poland; mBank, which made nine refusals and closed three accounts.
The Polish Bitcoin Association’s statement confirmed that “the effects of the banks’ actions described clearly aim at removing virtual currency entities from the market, even though such activities are legal and conducted with dignity. In view of the above, action by the regulators is necessary, and this notice and his requests are adequately substantiated.”
For now, we do not know if the UOKiK has agreed to look into the case, for now, Poland still tries to regulate cryptocurrencies.
However, the Polish National Financial Supervision (KNF), is still making anti-crypto campaigns.
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