Bitcoin Global News (BGN)
July 3, 2018 -- ADVFN Crypto NewsWire -- As of this weekend, the
news went public that the Polish Bitcoin
Association is not letting crypto consumer rights be
threatened without a fight. They have reportedly appealed to a
Polish government wing called the Office of Competition and Consumer Protection, which
is an antitrust authority of sorts for the country.
The primary goal of this appeal is
to convince the office to investigate what the PBA deems to be an
illegal blockage of competition in the banking space.
What this refers to is the fact
that many Polish consumers and businesses have been affected by
banks refusing to run any sort of transaction that has to do with
Cryptocurrencies.
The appeal specifically mentions 15
different banks and financial service providers that seemingly
refused 52 different bank account applications, while also closing
25 accounts of various businesses that had dealings in
Cryptocurrencies.
One of the biggest defendants
related to the appeal is MBank, which the PBA alleges has personally blocked
nine account applications and closed three business
accounts.
At this point, the OCCP has not
responded to the call, at least not publicly.
What could be good news for the
PBA and the Crypto industry at large, is that the Polish
government seems to be behind Crypto regulation.
Unlike some countries, Poland
has indicated that it is against what it government deems,
“excessive regulation.”
Therefore, if this appeal is
accepted and argued correctly, then the government’s current stance
on Crypto and the Blockchain could be used to support the rights of
Crypto consumers.
If not, at the same time, it could
be used to block the appeal from going any further.
In the end, it all comes down to
whatever the Polish government decides to do with the PBA’s first
filing. For the appeal to move forward, it will first have to be
accepted as legitimate.
By: BGN Editorial Staff
News:
Cryptocurrency
Bitcoin
(BTC)
Polish Bitcoin
Association