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BitBay Bringing Ethereum To The Poland Citizens


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By introducing #Ethereum To The Polish Citizens, #BitBay Endeavors To Foster The Current Status of #Cryptocurrencies In The Country. Is It Going To Be Successful In Doing So?
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BitBay Bringing Ethereum To The Poland Citizens

  1. 1. BitBay Bringing Ethereum To The  Poland Citizens  Ethereum has carved its niche in the cryptocurrency realm by launching its digital token                            called ​Ether​. Ether is the second most popular cryptocurrency in the market right now                            with a market cap of 200 million USD. Ethereum is the world’s largest blockchain                            platform for the execution of ​smart contracts. ​For all one knows, the growth shown by                              Ethereum has been exemplary ever since it came into existence and many new                          countries are opening their doors for Ethereum.    Nevertheless, this expansion won’t have been possible without the terrific support from                        some foremost cryptocurrency firms and trading platforms. Lately, one such                    cryptocurrency trading giant called ​BitBay has introduced Ethereum for the first time in                          Poland. Apart from Bitcoin and Litecoin, BitBay has now included Ether as a tradable                            digital token. This seems to be a great news from Ethereum’s perspective as the digital                              token i.e Ether is getting new avenues for its trading. 
  2. 2. What Is BitBay?  BitBay is a leading online cryptocurrency trading platform and marketplace which offers                        trading options in Bitcoins, Litecoins, PLN, USD, EUR and now Ether or ETH. BitBay                            was launched in 2014 and it is headquartered in Poland. BitBay services were first                            publicized on March 29, 2014 and by the end of that year, BitBay announced the launch                                of 2.0 version. BitBay is by far the first Poland based exchange to offer Ether as a                                  trading option.    As of now, BitBay is providing the following exchange options for Ether to the Polish                              citizens:  ● ETH­BTC  ● ETH­USD  ● ETH­EUR  ● ETH­PLN  Legal Status of Cryptocurrencies In Poland  The Polish ministry of finance has explicated earlier that the use of ​cryptocurrencies                          won’t be illegal in Poland and there are no government restrictions on the same.                            However, Poland also doesn’t give a legal tender to the cryptocurrencies nor does it                            promote them in any way. The exchange and regulation of cryptocurrencies is totally up                            to some local crypto exchanges and some other cryptocurrency firms based in Poland.  However, there’s no certainty for the future and after some period of time, the use of                                cryptocurrencies might become legitimate in Poland. The Polish Ministry of Finance                      proclaimed last year that owing to the transborder nature of cryptocurrencies, the                        regulation of bitcoin and other cryptocurrencies should form a part of initiatives at the                            EU level.­bringing­ethereum­to­the­poland­citi zens/