Poland’s authorities are launching a campaign to educate its citizens on the potential risks involved when it comes to cryptocurrency and margin trading.
This national media campaigns against cryptocurrency investments, is backed by the country’s financial regulatory body, the Polish Financial Supervision Authority (KNF). The usage of advertisements on the country’s radio and television stations, and in print and digital media has been employed by them.
There’s no preview of these adverts, but the campaign is scheduled for June after the KNF has already allocated PLN 1.75 million for advs on radio and television and PLN 615,000 for the internet and social media ads.
The increase in media coverage and hype around ICOs and cryptocurrencies has aroused public interest. However, the public might use these as speculative tools without full understanding of their nature and potential risks, according to a translated extract.
Jacek Barszczewski, who is the spokesman of the Polish regulator said:
“The aim of the campaign is to make sure that people who want to invest their money do not trust those who offer easy, safe and high profits. It is highly probable that such schemes may have the character of a financial pyramid, i.e. a situation in which the profit of a given person depends on payments made by persons below the structure,”
What do you think about the government interventions?