Poland’s financial watchdog has launched a social media campaign about the risks of investing in cryptocurrency.
The Financial Supervision Authority’s campaign has launched. It focuses on the risks associated with cryptocurrencies, pyramid schemes and forex trading. The 30-day initiative, under the moniker „When the Bubble Bursts,” is part of a larger anti-cryptocurrency campaign led by the country’s authorities, including the Polish central bank.
The financial watchdog has also partnered with the National Bank of Poland (NBP) to start an educational website that explains why “virtual currency is not money” and “cryptocurrencies are not currency”.