Bitcoin in Bangladesh!

[Evgenklm]

this is not the only country where they think so, of course there is a small percentage of fraud in transactions with bitcoin, but it is negligible, and therefore there is no escape, we do not know, for example, how much money is laundered in fiat, and there I think the percentage is much higher. I am sure that some countries are afraid of bitcoin and blockchain technology in general, because it is probably the future analogue of the new financial system, but this is not accurate

[Alucard1]

Even though bitcoin is not recognized in Bangladesh this is still a good chance for their citizen to buy bitcoin without any hesitation because of thinking that authorized people could hunt them. That is also something advantage for you guys, we don't need to please government to accept bitcoin in our country because cryptocurrency is still there even though the government is against it.

[mdzahed134]

the central banks of no country can ban anything, only the government can do that. and even though the central banks are part of the government but they still need the government to ban anything.
also Bangladesh banned bitcoin many years ago. if i am not mistaken they did it in very early years and nothing has changed over the years except the fact that people have learned how to buy bitcoin easily over the counter.

Absolutely right, The central bank cannot take any decision without the intervention of the government that's the real scenario on the behind. Bangladesh is always in a strict position against cryptocurrency, there are many times arrested a lot of crypto trader's to punished like as jail for a several months.

[tygeade]

Bruhhh these people should just free people for once!!! Why can’t they let people do what they want to do? Okay we are very much aware of the money laundering part and terrorism financing, but I think these are issues that can tackled if we look into them.

Moreover, based on my research, most of the money laundering and funding of terrorism is usually done with fiat and these people don’t even make use of cryptocurrency, so why are they bothering crypto users so much? Maybe they should start looking for ways they stop all those things instead of stopping cryptocurrency.

[ninabobo]

Bitcoin isn't perceived in Bangladesh because of the way that the public authority has some severe approach against digital money in India as a country, that have influenced the use and admittance to bitcoin in that country so regardless of whether residents think about bitcoin they can openly utilize it as a method of installment.

[Silberman]

Bangladesh regulations have always instigated and tried to combat bitcoin users on the grounds of laundering. In fact, if viewed from the context of economic growth, this will be a solution for Bangladesh to get out of the crisis session that has been troubling them. The central bank there really doesn't like bitoin, while most of the country's citizens, however, remain secretly against the rules. remember they are smarter at doing it in secret. This doesn't mean that we are here to support crime, but we are trying to urge the central bank in Bangladesh to make room for bitcoin to be touched legally.

Governments around the world are without a doubt understanding that bitcoin is a way bigger threat than what they thought originally, they thought that this coin will be used just by a few people that were anti-government or something and they are realizing that bitcoin is making its way around all society and they do not want that, so I'll not be surprised if we see many countries banning cryptocurrencies while others decide to apply very heavy regulations to them, and yet despite all of their efforts this is going to fail.

[Twinkledoe]

Bangladesh regulations have always instigated and tried to combat bitcoin users on the grounds of laundering. In fact, if viewed from the context of economic growth, this will be a solution for Bangladesh to get out of the crisis session that has been troubling them. The central bank there really doesn't like bitoin, while most of the country's citizens, however, remain secretly against the rules. remember they are smarter at doing it in secret. This doesn't mean that we are here to support crime, but we are trying to urge the central bank in Bangladesh to make room for bitcoin to be touched legally.

Governments around the world are without a doubt understanding that bitcoin is a way bigger threat than what they thought originally, they thought that this coin will be used just by a few people that were anti-government or something and they are realizing that bitcoin is making its way around all society and they do not want that, so I'll not be surprised if we see many countries banning cryptocurrencies while others decide to apply very heavy regulations to them, and yet despite all of their efforts this is going to fail.

They will fail because large and known corporations are now joining the crypto community. And the latest of them is Tesla, who publicly announced their investments in crypto. If these governments will continue to ban the usage or dealings with crypto, their constituents will find a way how to use it. And I guess, it is better to regulate the usage of it rather than labeling it as illegal. Just look at first world countries, how they are treating cryptocurrencies and blockchain tech, they are more open-minded with this new technology. I hope they will change their perspectives to crypto and make something that will work for their citizens who are crypto users.

[Vaskiy]

Bangladesh in terms of growth has got high GDP over the past few years, and it is one among the fast growing economy. Maybe this could've led to fear, if cryptocurrencies is allowed the control over the financial system will be lost and affects the growth. Another thing that strikes my mind is the dependence. Most of the policies of Bangladesh were followed by the policies made by the Indian government. Maybe this could've caused Bangladesh to stay strong against cryptocurrency usage within the country.

[Silberman]

Governments around the world are without a doubt understanding that bitcoin is a way bigger threat than what they thought originally, they thought that this coin will be used just by a few people that were anti-government or something and they are realizing that bitcoin is making its way around all society and they do not want that, so I'll not be surprised if we see many countries banning cryptocurrencies while others decide to apply very heavy regulations to them, and yet despite all of their efforts this is going to fail.

They will fail because large and known corporations are now joining the crypto community. And the latest of them is Tesla, who publicly announced their investments in crypto. If these governments will continue to ban the usage or dealings with crypto, their constituents will find a way how to use it. And I guess, it is better to regulate the usage of it rather than labeling it as illegal. Just look at first world countries, how they are treating cryptocurrencies and blockchain tech, they are more open-minded with this new technology. I hope they will change their perspectives to crypto and make something that will work for their citizens who are crypto users.

I agree, however it is not as if first world countries where that much understanding either, I can assure you that if they could in some way or form destroy bitcoin they will do it, they hate competition especially when it comes to their fiat currencies and many other attempts to create an independent currency in which government had no control were destroyed as soon as they became too big, but they are seeing this is something that they cannot do against bitcoin so they are left with no option but to regulate it, and even that is going to fail, so I'm not surprised that some countries and governments that are more authoritarian want to ban it completely but that will fail too.