Polish Finance Ministry: EU Should Create Bitcoin Regulation


Poland’s Ministry of Finance has said regulating bitcoin should form “part of initiatives at the EU level, due to the transborder character of cryptocurrency transactions”.

The ministry provided this statement in a written response to a request for information filed by two Polish Members of Parliament (MPs), Jan Warzecha and Bogdan Rzońca.

In their request for information, the MPs said “piracy, cybercrime, phishing, thefts and hacking online accounts and attacks on the users of cryptocurrencies are increasingly often taking place”.

More specifically, they said that, between 2004 and 2014, the amount of detected cybercrimes increased from 404 to some 22,000. As a result, the politicians asked the ministry whether it “has plans to launch legislative activities with the aim of regulating the issue of digital currencies”.

No plans for bitcoin regulation

While stating it does not plan to initiate any new cryptocurrency-related regulations in the near future, the Polish Ministry of Finance said:

“What is equally important, besides regulatory activities, is an informational campaign which highlights the risks resulting from purchasing cryptocurrency, and which is developed by the General Inspector of Financial Information.”

In spite of its call on the European Union institutions to regulate cryptocurrency, the document states “the issue will continue to

Read more ... source: TheBitcoinNews