The Polish regulator launches a campaign against Forex and Cryptocurrency investments

Apparently, the Polish Financial Regulator KNF is tired of fighting with dishonest practices in exchange markets by laconic and individual public alerts, and he has decided to act in an aggressive and universal manner.

As a result, Poland starts a national media anti-ad campaign against investments in Forex and Cryptos. The television campaign is scheduled for June, and will be accompanied by radio advertising and video materials on social networks.

The main message of this campaign is financial education and warnings of potential OTC users for the high risks associated with investments in cryptocurrency instruments and the trade in credit crunch as a whole. In other words, the regulator intends to focus more attention on the risks concerning easy profit makers.

The National Financial Regulatory Authority – the Polish Financial Supervision Commission (KNF) – hides behind the campaign. It warns of investment risks through publicity on public radio and television channels, as well as through printed and digital media. The publication of the respective anti-advertisements on the air is scheduled for June. It is known that the KNF has already allocated 1.75 million zlotys for the radio and television campaign and 615 thousand zlotys for the campaign on the Internet and social media.

Jacek Barszczewski, the representative of KNF commented as follows:

“The aim of the campaign is to prevent those who want to invest their money to entrust those who offer “easy profit without risk”. It is entirely possible that such schemes may include the features of the financial pyramid, that is, the investor derives its profits at the expense of other investors.”

The campaign also emphasizes the lack of regulatory and normative acts in the sphere of cryptocurrency assets and the ICO industry. The regulator draws attention to the legal uncertainties in this area, which, in turn, expose the potential investors to the vulnerability of the capital, unlike the strictly regulated traditional financial markets.