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Digital currencies: How should they be served and seasoned?

  • Poland
  • Financial services and markets regulation
  • Technology
  • Financial institutions

26-04-2018

For the average person in Poland today, digital currencies have negative connotations. But it doesn’t have to be that way.

Just two years ago Poland was fairly regarded as a member of the advance guard, competing with tech superpowers for a leading position, innovation by innovation. The digital currency business and distributed-ledger technology (blockchain) are developing unevenly around the world. Countries from the Far East and the Americas have taken the lead. Meanwhile, Polish programmers and providers of services related to digital currencies have taken to defending the technological progress against the traditionalists.

For several years knowledge resources about digital currencies grew unnoticed. This was a window for aficionados of new technologies and early adopters enthusiastic about innovations. At first digital currencies were available only to the initiated who were in on the secret. Then suddenly a great furore arose around digital currencies. Everybody had heard something about them, and maybe even knew something about them. Digital currencies became a hipster thing. Digital currencies hit the cafés, among the latte drinkers, smoking hand-rolled cigarettes and wearing their jeans hemmed high over red sneakers.

But all the notoriety is doing digital currencies no favours. The biggest tech phenomenon of recent years has piqued the interest of the public administration. That’s good and bad news. Good because it’s a significant social phenomenon and must be addressed. Bad because an official picture of digital currencies has formed with scant knowledge; in my view it’s an inaccurate picture...

 

Read the full article published in the BPCC magazine.  

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