Poland Banks Pushing Companies to End BTC Exchange Contracts
bitSome local newspapers and online portals are reporting that Polish banks are forcing online payment providers, such as Cashbill and Bluemedia, to terminate contracts with Bitcoin exchanges and cantors. It appears that the issue is currently only being reported by Polish language media, as not a lot of information regarding the issue available in English media. When Bitcoinist received an e-mail from Justyna Laskowska Witek of BitBay.net, we learned that his company is not the only one affected by this “game” being played by the banks in Poland. This report says that, starting Monday,....
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BitMarket, a Polish Bitcoin exchange, was recently closed down by BPH due to their association with Bitcoin. At first the bank was told that it was due to technical problems. Another bank, Bank Zachodni WBK (BZ WBK), also began terminating accounts shortly after the BitMarket incident. While these two banks are shutting down accounts held by Bitcoin businesses, does this signify a national crackdown in Poland? I sought to uncover more information on this matter by interviewing Poland's largest Bitcoin exchange, who to date, has not had any problems in their banking relationships. Also....
Reports of the detention of Dmitry Vasiliev, ex-head of the bankrupt cryptocurrency exchange Wex, have been confirmed by authorities in Poland. The former executive of the platform, allegedly involved in the theft of funds worth millions of dollars, faces possible extradition to Kazakhstan.
Prosecutor’s Office Confirms Vasiliev Is in Custody in Poland
Dmitry Vasiliev, who once managed the largest Russian crypto exchange, was apprehended at the Warsaw airport in early August but the Polish newspaper Gazeta Wyborcza broke the news last week, quoting undisclosed sources. A....
Despite being the first company to offer Bitcoin trading in Poland, Bitbay has not stopped there and has announced the inclusion of Ethereum as a tradable asset. Ethereum is a crypto platform built especially for smart contracts and decentralized applications. Ether, a crypto token used for transactions on the platform, has seen a drastic increase in value lately, making it the second largest cryptocurrency after bitcoin. With more and more people making investments in Ether, many exchanges catering to bitcoin traders have started including Ethereum trading services. Interestingly, some of....
Poland might now join the ranks of those countries not open to cryptocurrency developments, as banks in the nation refused to accept payments using bitcoin exchanges. According to news from Polish bitcoin forum bitcoinet.pl, bitcoin payments are no longer available on cryptocurrency exchanges Cryptocoin.com, Bitbay.pl. and Bitmarket24.pl. "All this is due to the ultimatum that the four largest Polish banks bring to operators and BlueMedia CashBill payments," the forum noted. With that, bitcoin exchange Bitbay.net has already advised its users that they can no longer make accelerated bank....
Poland is one of the countries in Europe where businesses and the population have invited Bitcoin among their midst with open arms. Adoption of Bitcoin in Poland is surprisingly increasing with many businesses including Bitcoin as one of the payment options. The fact that the country's official currency, Polish zloty is the eleventh* most popular currency in Bitcoin trade is enough to understand the extent of penetration of Bitcoin in Poland. Poland: Many Firsts in Bitcoin. Poland also has a significant number of firsts in its credit when it comes to Bitcoins. Medicover Hospital in Warsaw,....