Poland Continues Its Aggression Towards Crypto, But the Community Shows Force

On May 10, Polish Financial Supervision Authority held a tender order of 615,000 zloty to plan and conduct a social media campaign that will focus on the risks associated with cryptocurrencies, pyramid schemes, and forex trading.

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, the government's rumored interest in Petro, and the dismissal of Anna Streżyńska, the former crypto-friendly Minister of Digital Affairs.

"We are happy to have over 800,000 loyal users, and thus we did not feel the increase in the number of closing accounts. However, the campaign made by the government certainly scared off people who wanted to learn more about cryptocurrency, and caused an unfavorable atmosphere around it."

The documentary's director and screenwriter, cryptocurrency and blockchain enthusiast Piotr Pacewicz, told Cointelegraph that he saw Krypto as a "Brick a better world, [one] with a financial system where everybody is equal".

"Maybe just very few Polish politicians understand what Blockchain is. For example, our Prime Minister Mr. Mateusz Morawiecki compared cryptocurrencies to Amber Gold. Amber Gold was a big ponzi scheme [in Poland]".

Local reports show that representatives of right-wing parties in the country, including Alliance and the dominant Law and Justice, seem to favor blockchain and cryptocurrencies.

"Regulation of the cryptocurrency market is necessary because of the country's interests. It is essential that cryptocurrency-oriented businesses remain in Poland rather than move abroad.".

"Although one coherent version of the regulations hasn't been yet established, we can already see a big step forward. The unfavorable way of calculating tax for cryptocurrency traders has been withdrawn."

On May 21, Poland's Ministry of Finance announced that it will temporarily suspend tax collection for cryptocurrencies.

"[Poland has] an influential community of cryptocurrency users, who are not only traders but also specialists regarding blockchain usage.