Polish Authorities Issue Sweeping Condemnation of Bitcoin and Other Digital Currencies
Polish authorities, regulators, and banks issued a sweeping statement warning of the risk of bitcoin, ethereum, and other cryptocurrencies. They said these currencies are not national or legal tender and cannot be used to pay taxes. They do not fall within the guidelines provided by Polish Financial Supervision Authority. Businesses, especially, should be wary about adopting or trying to use “virtual currencies.” The authority’s warning read, “Polish National Bank and Financial Supervision Commission Polish Authorities Issue Sweeping Condemnation of Bitcoin and Other Digital Currencies report that “virtual currencies” are not issued or guaranteed by the central bank of the state, not money, ie. They are not legal tender, or currency, can not be used to pay off tax liabilities and do not meet the criterion of general acceptance in retail outlets”
The article, however, did mention that “virtual currencies” currently do not violate EU or national law. They just allegedly harbor a laundry list of risks, and people should recognize these risks before getting involved in the digital currency landscape.
https://news.bitcoin.com/polish-authorities-issue-sweeping-condemnation-of-bitcoin-and-other-digital-currencies/
