BREAKING: Polish Banks Clamp Down On Cryptocurrency Exchanges

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....

All of this goes to show the financial sector remains insecure despite all of the recently issued warnings. Criminals often use malware to attack financial institutions around the world. In most cases, these efforts are more than successful, creating a strain on the financial ecosystem. Things are getting out of hand in Poland, though, as the financial regulator allegedly infected various banks with malware. A rather disturbing development seemingly orchestrated by foreign hackers. It is not often a financial regulator infects banks with malware. It appears the Polish financial regulator....

A few bitcoin users from Poland have reported to CCN that they are dealing with bank crackdowns due to bitcoin activity. One Polish bitcoin exchange, BitMarket, became a victim of a shutdown earlier this week by BPH. When contacting BPH, they were told there were technical problems that needed to be sorted out. Upon further investigation, BitMarket found out they were shut down due to cryptocurrency activity was associated with their account. Also Read: Polish Hospital First to Let Patients Pay for Surgery Using Bitcoin. The original text was written in Polish, but CCN was able to....

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,....

Polish payment processors and at least one bank in the country have closed the accounts of local bitcoin exchanges. BitBay, Cryptoins.com, bitmarket24pl and Bitmarket.pl confirmed that the regional payments processors they work with - CashBill and BlueMedia - had informed them that their accounts were being closed at the request of their own partner banks. Bitmarket.pl told CoinDesk that PKO Bank Polski had also informed them that their bank accounts were being closed. Representatives from CashBill and BlueMedia confirmed that the closures had taken place. A spokesperson for CashBill, who....