So here's some more context about the campaign, because this article is very biased as well. The information campaign is owned by both the central bank and the financial supervision committee (not sure if there's an official translation of that name). It's not a local idea, but rather a local implementation of the European effort. You can find more details here:
http://www.eba.europa.eu/-/esas-warn-consumers-of-risks-in-b...The committee's involvement is not surprising in this case. One of the agency's goals is to provide information about financial risks. It even keeps a public registry of companies reported for not paying their debts (think credit score for businesses). It's very much what they should be involved in. In case anyone thinks they're on the banks' side - they're involved in prosecuting banks and pension funds regularly.
As for the contents of the campaign's site https://uwazajnakryptowaluty.pl/ - it's very reasonable. I couldn't find anything outright wrong on it. It doesn't even tell you that you shouldn't buy Bitcoin. The repeated information and claims are not very different from what you sign when you open a share dealing account - you can lose money, gains are not guaranteed, these investments are not insured, lack of liquidity is possible, etc.
The social advertisement campaigns are also nothing uncommon in Poland. Sober driving, don't dive in shallow water, read to your kids, and similar topics are the common target of the social ads / PSAs that are created when some issue gets too common in the country.
The fact that the are no gov logos in the video clip is weird. (Also the clip is extremely cheesy - think high school video project about misinformation surrounding cryptocurrencies) But the campaign itself seems fine. The post is very sensational.
The committee's involvement is not surprising in this case. One of the agency's goals is to provide information about financial risks. It even keeps a public registry of companies reported for not paying their debts (think credit score for businesses). It's very much what they should be involved in. In case anyone thinks they're on the banks' side - they're involved in prosecuting banks and pension funds regularly.
As for the contents of the campaign's site https://uwazajnakryptowaluty.pl/ - it's very reasonable. I couldn't find anything outright wrong on it. It doesn't even tell you that you shouldn't buy Bitcoin. The repeated information and claims are not very different from what you sign when you open a share dealing account - you can lose money, gains are not guaranteed, these investments are not insured, lack of liquidity is possible, etc.
The social advertisement campaigns are also nothing uncommon in Poland. Sober driving, don't dive in shallow water, read to your kids, and similar topics are the common target of the social ads / PSAs that are created when some issue gets too common in the country.
The fact that the are no gov logos in the video clip is weird. (Also the clip is extremely cheesy - think high school video project about misinformation surrounding cryptocurrencies) But the campaign itself seems fine. The post is very sensational.