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Crypto Revolution: Poland sues banks!

July 26, 2018

On 27th June, the Polish Bitcoin Association (PBA) reported 15 “financial institutions” to the Polish government. 52 companies had bank rejections, as they were prevented from services related to cryptocurrencies. The need of a “mobile bank”, designed for companies operating in crypto arises; From today, it is at your disposal!

 

Become a XribaPay Beta Tester, help improve our product.

 

Join the program and be first in line. We want your feedback!

 

Find it here: xribapay.com

 

On 27 June, the Polish Bitcoin Association wrote to the Office for Competition and Consumer Protection (OCCP), argued that local banks were deliberately denying transactions and services related to cryptocurrencies, closing accounts. According to documents, the PBA reported fifteen financial institutions to the Polish governmental authority.

 

According to the PBA, a total of 52 companies had Bank rejections, while 25 had their accounts closed. According to the document, the banks actions clearly aim to remove virtual currencies from the market, although these assets are legal.

 

“In consideration of the above, the action of the regulators is necessary”.

 

This is written in the complaint that tells, through its content, how much the representatives of the crypto community require regulation of the sector. The PBA is currently negotiating with the government the future rules for the regulation of cryptocurrencies, which currently do not exist.

 

Jacek Walewski, spokesman for the PBA, considers regulation as inevitable:

“I think the cryptocurrencies will be regulated, but the Polish companies might move their headquarters to other countries because they have problems with Polish banks that report their contracts”.

 

Payments in cryptocurrencies need tools and solutions that speed up their management and reporting, avoiding switching from intermediaries that are not yet ready or even against this type of transaction. With this mission, XribaPay was born, the first business wallet designed to allow your company to conduct cryptocurrency transactions and record them in the balance sheet.

 

Thanks to XribaPay you will have constant access to the account to check balances and make transfers with the guarantee of having a fully integrated management of payments and company accounts. In fact, in the second half of 2018 the wallet, which at the moment is only for cryptocurrency payments, will become a “mobile bank” designed for companies to use at your disposal!

 

Become a XribaPay Beta Tester, help improve our product.

 

Only few users registered in our program will have the opportunity to try XribaPay immediately, and be the first to access the final version of the wallet.

 

Be first in line, subscribe for free to our program!

 

Find it here: xribapay.com

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