The Central Bank of Poland is in hot water after admitting to sponsoring a smear campaign directed against cryptocurrencies.

Videos were posted to YouTube, Facebook and Google, starring Polish Youtuber Marcin Dubiel. Titled “I Lost All My Money?!” the video shows a man investing all his money in cryptocurrency and being shown up at a restaurant due to his inability to pay with Bitcoin.

The video gained more than 500,000 views, and was not marked as a promotional video. According to Polish news site, the campaign was organised by YouTube partner network Gamellon. The Central Bank of Poland spent around $27,000 on it.

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Under Polish law, it’s illegal to publish content without disclosing that it has been sponsored. Cryptocurrencies are popular in the country and the government hasn’t made any overt statements or warnings about digital currency.

by Alex Hamilton
Alex is Senior Reporter at IBS Intelligence, follow him on Twitter or contact him at: