Banks in Poland Oppose Bitcoin 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....
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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,....
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....
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,....
Banks in Poland are making life difficult for cryptocurrency users by requiring online payment providers to stop doing business with cryptocurrency exchanges. The banks claim they are doing this to prevent fraudulent bitcoin transactions. The Polish bitcoin forum bitcoinet.pl announced that as of Monday, express 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. BlueMedia and CashBill are....