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https://www.youtube.com/watch?v=KncarNpmGzY

https://www.dhakatribune.com/bangladesh/nation/2019/04/27/bogra-cyber-police-arrests-three-members-of-cryptocurrency-gang

Bogra cyber police arrests three members of cryptocurrency gang

Police found two of their used websites and blocked one
 
The cyber police in Bogra has arrested three members of a cryptocurrency gang.

They seized two laptops, 16 mobile phones, and 20 SIM cards from the detainees after the arrest on Thursday.

Police conducted raids in Habiganj and Lakshmipur for two days and arrested them and brought them to Bogra.

Police found two of their used websites and blocked one.

Bogra Detective Branch (DB) of Police SI Shafiul Alam Shafiq filed a case against them with Bogra Sadar police station under section 1(B) of the Digital Security Act, 2018.

The arrestees are: Shah Md Tanim, 22, Sohel Mia, 27, and Maruf Billah, 25.

The investigating officer of the case, Cyber Police Inspector Emran Mahmud Tuhin sought eight-days’remand after producing them before Bogra Judicial Magistrate Court on Friday afternoon.

Bogra Superintendent of Police (SP) Ali Ashraf Bhuiyan in a press briefing said: “The virtual currency bitcoin is illegal in Bangladesh. However, the use of cryptocurrency is increasing day by day.

“The gang sold bitcoins and other forms of web money to their particular customers.

“Digital currency transactions are functioned online where all information is kept secret. This type of digital currency is called cryptocurrency. “

 Cryptography method is used for bitcoin exchange and the code used in this method is quite impossible to figure out, the SP added.

They were robbers who were robbing innocent people. What is so bad about that? The title made me think that innocent people were arrested. It is a known fact that Bitcoin is not completely anonymous in nature which is why it is possible to trace BTC TX to an extent.

KYC process makes it even more easier to trace a transaction in this aspect.

It's a good thing that they have been arrested.
If they're doing it for a long time, I guess authorities have been looking after their activities.
Though they're already paying for what they did,
we still can't deny the fact that there are still lots of criminals roaming around like them so it should serve as a warning and we must be observant all the time.

Even if they were innocent, trading anything illegal in a country is a punishable offence and they would be arrested. This is what the Bangladesh Bank said: https://www.coindesk.com/bangladesh-outlaw-bitcoin-jail

This is misinformation how can you say arrested because they where trading bitcoin, from the body of your post I can tell you that the gang arrested are more of cyber criminals who operate on a website which police have blocked, so how do you relate operating a website and trading bitcoin?

Well illegal in their country but not in the others that embrace this kind of currency and trading towards it, Well for the country of Bangladesh this is an illegal act for them and is punishable by law, But surely people that are conducting something that is illegal in their jurisdiction is accountable by their government but what if they did it in the USA and other countries that makes cryptocurrency legal? Would they take the same fate as what happened to them in Bangladesh, Well I am not saying that they are innocent or what but the law is strictly enforced in their country even though for some it is not really illegal they should just follow the law and be a law-abiding citizen in their part?

Despite that bitcoin might have been illegal in Bangladesh, I think the suspects are more into illicit deals with bitcoin from the nature of items found with them. What are they doing with 16 phones and 20 sim cards should be the curiosity.

Many of you are claiming that these people were arrested for something more than Crypto trading. But, what's that crime you are talking about? From the news article and the video, it appears to me that these guys were merely running some crappy Crypto exchange at local level, which were shut down by their cyber police.

The Bangladeshi government warns people not to do transactions with Bitcoin, and the central bank says that virtual currencies are not legally valid anywhere in the world. is warning other commercial banks to be leery of people using the daddy of cryptocurrency. The reason is that, despite the massive popularity enjoyed by the virtual currency, the use and trading of Bitcoin is still illegal in Bangladesh.

They were arrested not solely for trading Bitcoin but more of a scammers who uses it as their money to get from innocent people. Please stop tagging the trading of Bitcoin is a bad deed because anyone can do bad things whenever and whichever currency they'll want to use.

Well if Bitcoin and Crypto currencies are illegal in Bangladesh, then people doing this are breaking the local law. We saw this with one of our own forum members, when he was arrested and charged for running a money transmitter service, without the proper licenses.  ::)

The witch hunt on Crypto currencies will not stop, because governments wants to protect their local fiat currency. They will force you at gunpoint to only use their legal currency, because they know they can manipulate their own currency.  >:(

Title made it seem that good ol traders are being hunted down in Bangladesh and that the country is clamping down on crypto like neighboring India. Glad to know that it wasn't the case. Good that those criminals got arrested.

Though this is bad publicity I think this is a good way to highlight that Bitcoin is not good (or no longer the best) for doing illegal activities online since authorities have ways of tracking transactions to some extent.


A quick Google search has revealed that it is not exactly banned in Bangladesh. The country is considered "hostile" to it though.

Crappy crypto exchange site which where blocked by the cyber police you said, if there is no illegal operations by they site it could have not attracted the cyber police, I have some folk's in India who still trade cryptocurrency and are not harassed by any body. Am sure if your activities becomes illegal before the law they fine you out and put you behind bars.

India? This is a news of Bangladesh. Two sovereign country with their own set of law.

I am not saying these guys were not involved in some criminal activity other than crypto trading. But, neither the news report nor the video says anything about that. Moreover, Crypto trading is prohibited in Bangladesh. So, it is not unlikely that these guys were arrested because of trading Crypto only.

Another crazy news from a crazy country. On one hand if you know trading bitcoin is illegal you are aware of the consequences. They knew what they were doing but chose to do it because it was profitable and worth the risk.

On the other hand it's stupid that you can get arrested and robbed by the government for selling cryptocurrency.

Police arresting this 2 bangladesh is reasonable first is what Haunebu said that using and trading bitcoin in the country is prohibited and considered as illegal act and if they are scamming people thats more offense so dont blame the government people cant follow

I think it the problem is that cryptocurrency is illegal in some countries including Bangladesh which I know it will not stop trading on bitcoin. Most government still don't understand how it works and as bitcoin price fluctuates, it's looks seemingly like they're right. And to the more reason that's its decentralised with non-regulatory frame work makes it easy for them to labor or as a scam. The finding of 20 simcards shows more than just bitcoin in this case. Frauds and robbery more likely

How is it bad publicity? The article is only highlighting what happened in a country where Bitcoin is considered illegal, it's not doing any damage to bitcoin or the crypto market,  I find it very unlikely that this will have a negative effect on btc, we hear far worse from the media on a weekly basis.

Actually, it is banned. According to Wikipedia, Bangladesh banned bitcoin almost 5 years ago^[1], knowing this those who were arrested had it coming.

1. https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory

Once again this has taken place, last year the police arrested few trader in Bangladesh. What the government think of think of limiting the bitcoin usage, they're one among the country that has banned the use of bitcoin. There are people who move to the neighboring countries in specific to India for their cryptocurrency trading purpose. I believe this won't stop the true users of bitcoin from using it.

This is the type of news that makes me pessimistic about the potential of some nations to advance. It seems India and Bangladesh are doing everything in their power to ensure they take a backseat to the coming blockchain revolution. Eventually and hopefully before it's too late, they will see how nations embracing cryptocurrencies are getting richer and more powerful, and will thus switch sides on this issue. If people are buying bitcoin in Bangladesh, it's probably because they lack faith in the nation's fiat currency.

It's just sad when you heard that cryptocurrencies are illegal. But we can't judge them, they have their regulation on their country, so be it. But it can still be processed into legal action, maybe they operate without a permit from their government, so the government has the right to seize them. The only good sentence in the news is the

When I read the title, I thought these three guys were arrested because Bangladesh banned trading, exchanging or using bitcoin. But not, it turns out these are criminals. Crypto is a fairly new industry, it is both an opportunity and a challenge for those who want to participate, there are plenty of evil people like these three.

Hopefully they will have to take a heavy sentence for their crimes.

I'm not sure how you interpret the article into framing the individuals involved as criminals, as the article literally says that they were just arrested because they were trading Bitcoin, due to it being illegal in Bangladesh. While it could certainly be argued that it's a criminal offense due to the fact that it's illegal within their country, it's a law that's outlawing a mostly benign activity. It's like saying that people who wear jeans in a country that bans jeans are criminals. There's no standard or rationale for it beyond someone deciding to outlaw the action by signing it into law. Same thing in this case, no rationale for it, but they're described as criminals because Bangladesh says they are.

yes, and this is the reason the government of Bangladesh does not legalize crypto spread. Criminal rates there are very high, and the people there are very primitive. they will only be a burden. if they force to use crypto, I think it will be difficult.

Government of Bangladesh need a long time to control the crypto spread there.

That doesn't look like they were "merely" trading in cryptos. I am sure there is more behind the entire story! A normal trader would not use such huge amounts of mobile phones and sim cards. They must have done some kind of illegal money transmissions which can be classified as "Laundering"!

A quick look into other sources and apparently these guys are not just 'mere traders' as to what OP is trying to convey in here. If anything tey are involved in scams, theft and money laundering--in short they are criminals of some sort. It's better for them to get detained instead of getting more victims along the way. We need little of these pricks in the ecosystem in order to not tarnish the name of bitcoin and crypto as a whole.

OP, these 3 people weren't arrested due to trade bitcoin. They have cheated people. In recent days, they have cheated BDT 100k from an user or a group of user. Prior to this, they have been cheating others for a long time. The people whom they scammed BDT 100k has filed a lawsuit to the cyber police and that's why they were arrested.

Last year, we have seen some people were also arrested in Dhanmondi. They too were not arrested due to trading bitcoin, they were mining bitcoin for a long time. After having solid information about that, police raid and arrested them.

just FYI Bangladesh is among the handful of countries that have actually banned bitcoin (this is actual ban meaning you can't own, trader, use bitcoin. not like the lies about China, India and a dozen others regarding ban which is fake). so this is not really a newsworthy thing since these people were actually performing something illegal. of course they were arrested because it was a "big operation" otherwise individuals aren't that much under observation to be arrested if they used bitcoin!

Yes, strange events take place in Bangladesh. Three members of a gang of cybercriminals who secretly sold cryptocurrency were arrested. Just a terrible crime. However, as noted by the police, despite the tough measures taken, the number of people involved in cryptocurrency is growing day by day. I wonder how the authorities will behave when the number of people involved in cryptocurrency will increase many times?

As pursuer said . bangladesh is one of the countries that ban bitcoin  .  now if you will still continue using bitcoin on your country even if its banned then you know what will happen to you  . can either go to the jail or you will be asked to pay the amount that you stole ( times 10 )  . however , idk the exact situation on how these guys have caught when trading bitcoin offline is still anonymous  . they can use fake details and a vpn connection to mask their true connection  . or maybe they are trading offline from person to person .

Yes, I remember that I read similar cases last year about people in Bangladesh getting arrested because of crypto trading. I guess there traders are putting not just money risk, but their lives as well. But who can stop them if trading brings food in the table for their families?

I guess they just need to be very careful because I'm sure a lot of Bangladeshi is still trading underground or somewhere else. I don't know about moving to India though, they've been a pain lately and they could possibility ban it, in my opinion.

It was not due to trading, last year a sum of 7-8 people were arrested due to mining bitcoin and some other crypto. Till now, I have not seen someone to be arrested for trading bitcoin in Bangladesh. However, it still is illegal here.

It's probably just a matter of time before someone gets arrested for trading in that country if it has banned btc. Banning it means it's illegal to be associated with bitcoin and crypto so unfortunately for the citizens there, they'll have to face the risk of getting apprehended if they mine, or even trade with crypto.

so I understand they are being arrested because they used bitcoin and did some business involving bitcoin. Is a very unfortunate situation I wonder how long they will be arrested, what is the prison sentence for this crime? and if bitcoin is illegal Bangladesh, what's the prison sentence for using bitcoin in Bangladesh? I did a little search on google and found this:


jailed for up to 12 years.

It's a very high and exaggerated prison sentence.

Actually in Bangladesh cryptocurrency is still illegal so that maximum who working in forum are doing their buy and sell their coin in secretly. But i will say it was an Isolated Incident because those who arrested are criminal.They were doing fraudulent innocent people who do not know vast about cryptocurrency but want to invest for profit. Different times they did those kind of fraudulent so that victim people complain to police and arrested.

What they did exactly? What is the crime?

I found crypto is not banned in Bangladesh

They have nothing anything else which is bad for anyone or they did not done any crime. Bangladeshi police just arrested them for taking illegal money and they claiming bad things about them. Shit Bangladesh police and government. Those three people not scam anyone even they are most honorable person to help trading and investing. They have a fresh mind and people know about bangladeshi police.
I can give some news where you will find how about character of bangladeshi police.
https://www.dhakatribune.com/bangladesh/nation/2019/04/28/si-closed-another-arrested-for-reported-extortion-of-locals
https://www.thedailystar.net/country/news/girl-raped-jashore-four-arrested-over-rape-sexually-harassing-bangladesh-1736362

I have read the news at thursday. One of the arrested person is my familiar in facebook before joning this forum. Basically they have been arrested for cheating with customers in their website (https://easypaidbd.com/). The Cyber Police of Bogura investigated into matter with the report of one victim  who has been cheated by them.

This is true news because a lot of Bangladeshi national news highlighted https://www.thedailystar.net/backpage/news/police-arrest-3-cryptocurrency-dealers-1735429 Who guys mainly arrested for Bitcoin and i don't think they are involved with other crimes.

Initially I was more convinced that these people were arrested because of the Bitcoin trading alone, however, it is becoming more apparent that they were involved in more illicit activities that involved fraud, which is likely why they had so many SIM cards, laptops and so. If this is true, it just goes to show that the news is rarely accurate and that crime doesn't pay (or at least pay well).

I can't blame the Bangladeshi police for arresting these individuals if they were involved in fraud. I don't care what currency you're using, if you're blatantly promising something that you can follow through with, you deserve the arrest.

It's the news agency who are promoting they were arrested because of dealing bitcoin transactions. Like as I stated before, they have been committed crime like deceiving their customers with big amount.

I doubt they will be sentenced for 12 years, may be 2 or 3 years however up to 12 years is the law along with some fine in some cases.

With this news, people who were dealing bitcoin are now gone off line (most of them), I was trying to exchange BTC/BDT yesterday. Didn't find anyone, it has seriously affected the enhancement of bitcoin in Bangladesh.
I welcome the Police raid in one way, because a lot of scammers were deceiving people with exchanging bitcoin which probably will decrease now.

Are you talking about Maruf Billah? If I can remember correctly, I have seen him on one of the facebook group, I used to think he is a trusted guy, then this.

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If cyber police wants, they can seize all the local exchange in Bangladesh, these exchanges somehow left their identity in facebook or any other platform. I think cyber police aren't putting so much attention on dealing bitcoin only, if they would, they could arrest people daily. It's easy to track down people who are exchanging bitcoin in our local.
Nevertheless, to all the Bangladeshi people, please be aware of dealing face to face, it can be a trick to arrest you. Only do deal with persons whom you do trust and have several dealing online. Don't mess up with anyone, they may give information to cyber police about you which may cause an issue.

Which undoubtedly right, why would you need that much of gadgets if you are just trading normally, chances that they are facilitating other illegal act which may need them to have many devices for many accounts being created from different websites.

Illegal deed needs to be paid off, from what the situations around there's a lots of scamming practices so it's better to see and read news like this as those
who's doing illegal activities will known that it's punishable, more arrest with alarm people not to do the same.

The reason they were using a lot of gadgets is- here in my local, when they pay to the customers, they use bkash, rocket (local payment method). These payment methods have several limit per day/ per month. When the limit exceeds, they can't send money to the customers. That's the reason of using several gadgets.

As far as i know, they were related to some scams. Someone reported that they took BTC without paying the seller. Cyber police mark it in the website.

Well, if that's the case, then to them I say, that serves them right. Many countries have already lifted their sanctions on cryptocurrencies seeing that it's not a scam, and it is, nonetheless, a legitimate asset that can be used for business and trade. If there are some people that would capitalize on that in the wrong way, in this case, use it to rob people, then surely, everybody who supports cryptocurrencies would rather see them get caught and be punish because that would give everyone the peace of mind that authorities have the backs of people who are using cryptocurrencies in the legal way.

Retarded countries have stone age rules. It looks like these people were arrested for converting the Bitcoins in their wallets to fiat cash. Sooner or later, the Bangladeshi authorities will realize that it is not possible to ban Bitcoin. If they want to ban Bitcoin, then they need to shut down the entire internet and I am not sure how practical that is. The best thing to do for the government would be to make it legal and taxable, just like the other 200 or so countries have done recently.

These guys aren't the only ones... 2 in NY got caught laundering bitcoin too... https://cryptotradernews.com/insights/two-plead-guilty-in-n-y-crypto-money-laundering-case/ (https://cryptotradernews.com/insights/two-plead-guilty-in-n-y-crypto-money-laundering-case/)

These type of people are the ones holing back crypto adoption...

They also did not state the website that was owned by those people who are arrested.  Very unprofessional journalism. 

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It seems that Bangladesh authority is aggressively hunting Bitcoin user in their country.  One of the member here who is a Bangladesh nationality is also concern about his IP on this site and created this thread:
Will Theymos publish IP address of users? (https://bitcointalk.org/index.php?topic=5137259.0)

Not really, till now, I am concerned about 2 such cases.

Read-

It's me. I am little bit worried because I am running one local forum for bitcoin enthusiast. In fact, the goal is to provide appropriate information about bitcoin.

Forum- www.bitcoinbangladesh.info (http://www.bitcoinbangladesh.info)

They wouldn't get arrested if they didn't commit a crime. Even if they're just trading or doing activities involving blockchain technology if it's against the law, they would still pay for it.
That's the risk of pursuing cryptocurrency in restricted countries. They should face the consequences. 

this was pretty much a misleading topic, they were not trading they were doing it with bad intentions. we can already see a lot of illiteracy rates rising in Bangladesh and youth is trying their best to get a good education. even if we ignore the negative side of this there is still a lot they have to develop.

Bangladesh bank against in Bitcoin https://bdnews24.com/economy/2017/12/27/bangladesh-bank-warns-against-transaction-in-illegal-bitcoin-other-cryptocurrencies how can government should be accept it? Rules & Regulation already set. I think they scammed people money by using exchange sites which is mention in the news.

It is possible that the govt was able to detected owners easily because they are centralized platforms.
Their privacy would have been protected If they had traded Peer-to-peer on an decentralized marketplace without using single wallet address.

No I don't think its that. I think trading Crypto is illegal in Bangladesh and they were operating an illegal website (or exchange) that was converting Fiat to Crypto. I hope these governments stop treating crypto as some illegal trade.

Yes, its related to the scam or even a hackers so its a great job for the cybercrime group of Bangladesh. 16 mobile phones for only 3 persons are already suspicious, that cryptogang are more involve into some serious transactions in cryptomarket. More group like this are still stealing money from the ordinary investors, i hope they will also be arrested soon.

so far, their case is still in the process of developing whether the website is blocked by the police because of fraud / pisssing or problems with bitcoin and crypto trading

Well then there might be a law against bitcoin or cryptocurrency in Bangladesh that's if the news it true.
This goes to show that some government are really fighting against the global dominance of bitcoin

This is what others might avoid especially if crypto currency has been declared illegal in their country as there will be law that will surely punish someone who will use crypto currency.

Though the attempt of using bitcoin even though it is banned in their country is very interesting to know as they still keep on trading even knowing that they will be punish once they will get caught. I am hoping in the future that Bangladesh will start to acknowledge virtual currency especially bitcoin.

Yup. There are two people fully involved with crime (Scam). They scammed a lot of money from innocent people and police searched them. People who got scammed, they case against of https://easypaidbd.com
So that is the news.

As the news says they have shut down a website but didn't mention what type of business those three guys were running. I assumed, they definitely were running a currency exchange site where they were buying selling cryptocurrency with BDT. Of course Bitcoin is banned there and on the other hand they were running an unregistered business which is a financial service. And afaik in all countries, all the financial services must go under some strict rules from the central banks.


How do you confirm that the exchange was easypaidbd.com? The news didn't mention any name or I missed it somehow?

When a country declares something illegal, it becomes an offence to be part of it or engage in it even if it is legal in neighbouring countries. Well I hope they get released soon and the country realizes bitcoin is here to serve a great purpose and should be adopted for use. Hope the Bangladesh government changes her decision about bitcoin soon enough

It is a pity they were arrested for merely trading bitcoin, thats if thats why they were arrested. I do hope countries who are against bitcoin and has made it an offence to trade in bitcoin will soon enough realize the numerous unique benefits bitcoin has to offer and will accept, adopt and legalize its usage. But then if these guys were arrested based on fraud with bitcoin then they should face the full wrath of the law.

Well if such country prohibits the use of Bitcoin and cryptocurrencies then we should respect that to avoid general problem. It seems that this countries lawmakers has primitive thoughts about the technology, thats why most conservative countries don't grow due to their conservative thinking.

Sunno330 is probably from our local. Local people know what has happened in reality, cyber policed has added a notice on that website "This website has been closed by Bogura Cyber Police".

Come on it's not like they were arrested for trading Bitcoins , we all know that they were actually arrested for something else , it was because of the fraud that was coming out instead of cryptocurrency and all it's something else thus you shouldn't think about it much , yes cryptocurrencies are amazing but if you use it in improper way then things are bound to happen , using them for illegal activities and frauds and all is bound to make things bad for everyone.
This wasn't the case for Bitcoin it was the case for doing illegal activities.

As long as Bangladesh does not change their decision, it is the moral duty for the citizens to abide by the rules of the country. If anyone still involve in bitcoin then he cannot complain as the rules comes first before the bitcoin. The best option for the Bangladesh people is to stop bitcoin trading for the time being and sign a petition to legalize bitcoin in their country and make efforts so that government is forced to change its decision.

lol "cryptocurrency gang". It is not possible that in 2019 people are arrested for bitcoin trading, it is absurd. Some countries should review their laws.

Rules needs to be followed sad truth in part of those who's residing inside Bangladesh as the government still not open for this opportunities, the society needs to do legal actions such as petitions if they really wanted to reverse this law under their government, if the majorities can joined hands and do legal actions to push the government to reconsider this act, until then they need to comply with the government rules.

I thought they were innocent traders, OP should change the subject. This could be a misunderstanding and therefor lead to FUD, with new users of crypto currencies now, they would be easily confused in the subject alone. Unless click the link and read the article carefully. They were not just "mere traders of Bitcoin" but they did something that is not right and against the laws.

Do you have any proof for this? These guys were merely being involved in fiat-crypto trading. They were not involved in any other criminal activity. They were arrested because Bitcoin is banned in Bangladesh and trading in Bitcoins is a criminal offense. Yes.. they did something that is against the laws. But what can you do if the laws themselves are stupid?

Why you guys are risking yourself with bitcoin if it is illegal  in your country. I hope you all respect the local laws.
Do you have any party in your country that have soft instance on crypto , so that you can ask government to lift the ban from crypto.

Yes, from the article, we can read that cryptocurrency is illegal in Bangladesh which means buying, selling and storing it will give a law problem to the citizens who violate it. Just like you, I can't see any other types of crime that they've done.

Very sad to think people are arrested just for using bitcoin in some countries, that is insane. Police should be focusing in bitcoin users doing illegal activities, not the honest ones (there aren't many informations about this particular case, but seems the men were only trading bitcoin).
The best these guys could have done were to move themselves to another country where bitcoin is legal.
On the other hand, the risk brings profitability: in an area where bitcoin is forbidden, the profit is higher for the seller for sure.

I am watching for the first time that some are arrested for trading crypto or exchanging. I am even shocked .It has proved that btc user are not fully anonymous someone can track them. Its really bad feeling for me and also for them hopefully the government will learn and research more on blockchain and they can find the latest digital currency.

Those guys who got arrested were giving exchange service, so it is basically easy to track by the authorities because they might have used a local payment system to pay local users for the exchange of bitcoin.

Ordinary crypto users are not easy to track with just their addresses unless they have not taken enough precautions while cashing out.

Lol, Bitcoin transactions and functionality has always been anonymous buddy. It is the associated things people do that aren't anonymous. But for the tech, it is really is perfectly anonymous. For instance if you send Bitcoins to anyone, I can trace the transaction alright but wouldn't know it was you until you decide to cash out, which isn't anonymous.

They are not arrested for trading bitcoin obviously. The are hardcore fruadsters posing as bitcoin trader. It a good thing they are arrested. So many believe the anonymity offered blockchain is created to fraudulent things

The funny thing that i found in the article is that, the authorities are claiming that it is impossible to figure out the transactions and yet they found those transactions and arrested three people. Are they trying to claim that they are intelligent enough and they can decipher anything which are quite impossible and i am not sure what all stories they are telling. The people who got arrested might have done something fishy, if not they wont get arrested like that and i am sure there are many people who are trading bitcoin from Bangladesh for years and now they are claiming that they arrested for trading bitcoin.

The issue is that those 3 arrested committed other crime apart, they can not be arrested for just trading bitcon or cryptocurrency because from the news it clear there were operating a fake site which is related to crypto which can also be used to fraud others which is illegal before the law.

I also had this question in my head.If they just traded cryptocurrency then I'm sorry for them.If they were engaged in fraud,that the police did everything right.I certainly do not know what laws in Bangladesh regarding cryptocurrency,but in my country as yet undecided on the status of cryptocurrency,so I began to worry about myself.

the news is very confusing, it is not known if they were arrested for using bitcoin or because they were criminals, if they committed a crime it seems good to have arrested them

I agree,and they are also offended the person who use bitcoin i think they need deep perception about what is bitcoin because im pretty sure that it give and it bring us a better future for our daily transactions and also the future of our investing.

As far as I know they were related to some scams by using a website called paidbd. Besides, they used to play bet. Being cheated from them someone reported about them to the police.

Yes, I see the news that only 3 arrests in Bangladesh for Bitcoin trading. In Bangladesh, there is a need to comply with some rules in online trading, perhaps they violate the cyber laws of Bangladesh for which they have been arrested. Even the government of Bangladesh did not approve trading on the cryptocurrency, but they started trading commercially for which they were arrested.

I think there are other people who know their work and find out the website where they transact crypto currency, after which he reports to the police to arrest those who use crypto currencies.
besides that I also think that they are not careful in making transactions so that their whereabouts are known.

It's stupid to think that they've been arrested just because they simply trade cryptocurrencies and did it in a fair way. But we don't have all the information necessary to comment on this case because we don't know exactly what are the governmental laws regarding the trade of cryptocurrencies in Bangladesh. They probably violated some laws or made some illegal transactions and that's the real reason why they were arrested.

According to the law enforcers, virtual currency or bitcoin is illegal in their country and that is according to their Digital Security Act law. It is not clear if the group committed other violation aside from selling bitcoins. Bangladesh is still one of the few countries that strictly prohibits its citizen from using any virtual currency. It will take time before this nation allows bitcoin because they might consider it as threat to their economy.

Read the OP again. It is very clear. The arrested are a bunch of youth, who were trading Bitcoins for fiat currency. They were not involved in any other shady activity (unless the notoriously corrupt Bangladeshi police decides to frame them on made up charges). They were arrested for using Bitcoin and I guess the purpose was to frighten the hundreds of thousands of Bitcoin users in the country, so that they'll give up trading in Bitcoin. That said, I don't know how effective these actions can be.

Well if this were one of the websites they took down then yes they did deserve to be arrested because they were scam artists which unfortunately saw an easy way in using bitcoin for a way of accepting payments to facilitate their scheme.

Then OP's title is very misleading. If I just not take time to read much more details in this story then I will only think that the 3 arrested shouldn't experience like that. This is the kind of news that triggers FUD in our space but when you try to decipher it, they criminals are just using btc to gain more advantage on their acts.

Yes in bangladesh bitcoin activities or other digital currencies are totally illegal by their banking law! but they are can do recharge mobile phone balance by bitcoin! bitcoin is a decentralised digital currency and bangladeshi bangking law not support decentralised currency like bitcoin! you can done arrest by bd law for use bitcoin in Bangladesh! it's problem of bitcoin to spreading worldwide!

I don't really think that the gang did anything wrong. Bangladesh does not seem much developed nation at least in terms of cryptocurrencies as the individuals there are been arrested for selling bitcoins/coins to their specific customers. This could be a legal job if you have license and permission from the government but there is nothing wrong here which needs to be arrested.

These kind of news makes a lot of peoples owning mass amount of bitcoins fear from the centralized system and it makes the price for bitcoins go a bit downer. I am sure that the court will charge a number of penalties from these arrested individuals which can also be stated as "unknown Tax"

Yes this point is absolutely right! normal bitcoin user trader would not use such kind of huge amount of accessories! anyone can trade bitcoin via only a mobile phone or only a laptop, desktop! I think they are involve with huge amount of money laundering and probably other money transfer related criminal activities also!

Illegal activities needs to be arrested and there is nothing which can save the criminals then. But arresting individuals who are selling cryptocurrencies to a group of customers is not really something which could be accepted. OP should mention the website which was been seized by the Bangladesh police.

I have not really heard about paidbd but if they were the ones who scammed peoples then for sure it might be something which needs to be arrested. Arresting such peoples might perhaps decrease the amount of scam projects in the current markets. There really are a number of scam projects here in these markets which strictly needs to shut down.

If this is true then they where arrested based on their crime committed and not because they used Bitcoin. Criminal art is criminal art and when its be committed while trying to secure Bitcoin illegally, then its a crime to humanity and is punishable under any criminal law in the state. Let them face the music.

Surely this will be the worst day for three people arrested in Bangladesh. I think the anonymity behind Bitcoin's name I think is also captured in the future. So much worse and I think they should be punished. If we don't read the information carefully, we will misunderstand Bitcoin traders as we are caught and banned by the government.

Yes, I heard the news that only 3 arrests in Bangladesh for Bitcoin trading. I know as much as Bitcoin Trading is not legally valid in Bangladesh so they are arrested on the basis of Bitcoin trading in Bangladesh. There are also rules regarding these cryptocurrencies in Bangladesh and there are some restrictions that they are arrested for violating.

The news is abit confusing. Were they arrested cos bitcoin was illegal in their country or they got arrested because they are trading cryptocurrency. Nevertheless the should accept bitcoin cos it has come to stay

Yeah that’s right. At first, i thought they’re just innocent people who got arrested for nothing. But apparently the story is different. Even if they’re not cyber criminals or something similar to that, Bitcoin use is illegal in their country. So i’m not surprised they end up this way. In the end everyone should follow the rules by law.

If Bangladesh's government already legalize the law against crypto and they still using crypto, it's become their responsibility for keep using it.

As I read the news, the government want to prevent any criminal attempt especially in digital transaction and bitcoin become their favorite option !

The title is clickbait because it feels that they’re innocent, but when you study the article you realise they’re not innocent they knew it was illegal and yet they used it. I feel this was a bigger scam because they were using so many sims and mobiles, hence the police booked them under the law. Bitcoins have become a scapegoat for criminal activity, when the fact is criminals yet use fiat more than bitcoins.

News Link: https://www.dhakatribune.com/bangladesh/nation/2019/04/27/bogra-cyber-police-arrests-three-members-of-cryptocurrency-gang

So anyone who holds cryptocurrency is a criminal for you? In that case you should not visit this forum. For your information, holding multiple SIM cards is not a crime in Bangladesh. I don't think that the cops can arrest anyone just for holding multiple sim cards or smartphones. This case is very interesting, because the Bangladeshi cops don't have the capability to arrest rapists and murderers who roam free on the streets. They can only arrest some teenage Bitcoin users, whose only crime was to swap BTC for fiat.

I heard that news also.As far I know they were reseller.Also they sell nettler and skrill.So many people using that money in bet 365 and police arrested that people after that they asked them about the reseller.After that police arrested those 3 reseller.Though Bangladeshi Prime minister told that blockchain will be approved.