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June 1, 2018
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Bitcoin exchange abandons Poland even as the government invites it to a working group

In a delightful bit of irony BitBay, a Central European exchange, has shut down operations in Poland even as it received an invitation by the Polish government to participate in a national blockchain working group. The news, which appeared in a Tweet, states that the group will assess regulations for cryptocurrencies, blockchain, and ICOs.

“Our exchange has received an invitation from the PFSA to participate in the Blockchain Working Group. 💪 As we have recently said, we do not want to abandon crypto activity in the Polish community,” wrote BitBay.

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Poland has had an odd relationship with Bitcoin. First, some of the central banks funded a YouTube propaganda video that showed a person losing plenty of cash in crypto. Further, the community is fighting back but releasing counter-propaganda to the central bank’s policies.

After being shut out by Polish banks, BitBay moved its headquarters to Malta and stopped serving Polish customers.

 

Photo by freestocks.org on Unsplash


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Danielle E.
Hi, I'm Danielle Eubanks! I'm an entrepreneurial and for the past 10 years I’ve been studying the Digital Publishing Landscape and it seemed a natural progression into a “helping” profession.