Blockchain News
The YouTube video was paid for by the
country’s central bank in collaboration with
the Polish Financial Supervision Authority,
according to local news source money.pl.
The goal was to portray cryptocurrencies
in a negative light, and the promotion was
never disclosed in the video.
The central bank’s campaign, according
to money.pl, also saw videos get published
on YouTube channel Planeta Faktów (Planet
of Facts). The channel currently has over 1.5
million subscribers, while Dubiel’s channel
is currently sitting at little over 900,000
subscribers.
The video Dubiel was paid to create can
be seen below. It tells the story of a young
investor who goes all in on cryptocurrencies,
and loses everything he put into them. The
video’s description contains the hashtag
#uważajnakryptowaluty, which is a website
created by the Polish central bank and the
country’s Financial Supervision Authority to
warn citizens against cryptocurrencies.
https://www.youtube.com/
watch?v=Q7GZeyXAFzo
Legality of central
bank’s campaign on
cryptocurrencies questioned
According to Trust Nodes, the legality
of the campaign is somewhat unclear, as
in a democracy, it is illegal for state actors
to engage in propaganda. Whether these
videos can be classified as propaganda is
unclear, although the biased perspective
in them doesn’t build up a good case.
At the end of Dubiel’s video, for example,
an evil mastermind who got him to invest
in cryptocurrencies counts his earning
in fiat. On Reddit, various users claimed
they’d be surprised if central banks
didn’t try to slander cryptocurrencies.
This isn’t the first setback cryptocurrencies
had to endure this year. As covered by Core
Media, social media giant Facebook banned
all cryptocurrency-related ads, as part of its
belief that “ads should be safe.”
Francisco Memoria
[email protected]
The video’s dramatic climax occurs when
the young investor is unable to pay for a meal
with cryptocurrency. His date then throws
fiat money at him and storms out.
Poland’s central bank admitted it “carried out
a campaign on the issue of virtual currencies
on social media”. It didn’t, however, provide
further information about said campaign.
Anti-cryptocurrency videos found online
don’t disclose they were paid for.
Core Magazine
35