In the seventeenth century, the price of tulips skyrocketed in the Netherlands.  Then it bursts like a bubble.  Many investors lose billions of rupees.  The price of Bitcoin is also the latest example of Tulip Mania.  Many experts have said before that Bitcoin is a bubble that will soon burst and the price of Bitcoin will go down.

Bitcoin is not recognized in Bangladesh, in a word, it is banned.  The Central Bank of Bangladesh Bangladesh Bank has not legalized the use of this currency in the country.  The central bank said the transaction could violate anti-money laundering and anti-terrorism financing laws.

Bangladesh Bank also issued a notification in December 2016 warning the people of the country about bitcoin.  It said that bitcoin is being traded in the country using various websites and social media, which is not approved by any regulatory body.  The use of these virtual currencies is not supported by the Foreign Exchange Control Act 1948, the Anti-Terrorism Act 2009 and the Prevention of Money Laundering Act 2012.  As a result, there is a risk of financial loss to the people.