Finally, Bitcoin is a Crime in our Country.

[Digitalbitcoin]

It could be that corrupt officials in your govt fear that they will lose their power and money if BTC were to freely enter your country's businesses.

Yes its clear defeat of government as its accepting the really of failure of control with technology. BD belongs to tier 3 country means poor country. Governments of such countries are mostly dominated with political power, and if controller of such countries don't have mentality to adopt then its big loss of country's business, development, economy, future and growth . And such centralization will lead to undeveloped country.

[1715116949]

1715116949

[1715116949]

1715116949

[1715116949]

1715116949

[1715116949]

1715116949

[daxkie]

Hopefully the government of Bangladesh will do a review the case and study deeply why it was a crime despite of the decision bitcoin now is becoming more and more popularity in the world.

[fayrouz]

What's the reason why Bitcoin become crime in the country. Bitcoin helps a lot to everybody in here.

[khokon150]

If only Bitcoin is forbidden, you could simply move to another crypto like Monero.

Not only Bitcoin is illegal.I know all crypto is illegal & officially announced from bangladesh government.Who guys involved with crypto ultimately this is punishable offense.

[khokon150]

And the wait is officially over!  The worst news in this year is Bitcoin is Totally illegal in Bangladesh. If someone trade bitcoin then he will be punish by police in Jail!

What should we do now, Guys? 

I think it was illegal from the very beginning.but recently government has taken a lot of strict action.Already counter terrorism searched find the Bitcoin user.Its very disappointed issue for bangladeshi Bitcoin user.

[audrey12]

There's a lot of issue regarding legality of bitcoin and surely there are really some who banned bitcoin transactions like what you have experience we cannot help but to understand the situation because as of now bitcoin is still in the process of entering the world's market so there are really some flaws in the government that needs to be fix its about their understanding and appreciation regarding cryptos that needs to established first

[Mantisa83]

The same goes for many other countries.
Poland has identical situation right now. UK in complete political and social disarray, German people split across over immigration and attacks. The whole western world is unhappy, prices in Norway would make you run back to America, the weather would make you into a depressed alcoholic, taxes in Denmark are up to 90% and 66% income tax average. There isn't perfect place in the world.

[khaled0111]

Does your government prohibit Bitcoin use for companies and exchanges only or pohibit all its citizens from using it?
In the first case, you have nothing to fear and yo can se yor Bitcoins without being punished.
But, in the second case I think you should stay out of troubles and find a way to liquidate your coins and wait, maybe your legisltors will change their mind in the future.
It s possible to use Bitcoin without being noticed, however, you shold not do it.

[AshikurRahmanKhan16]

And the wait is officially over!  The worst news in this year is Bitcoin is Totally illegal in Bangladesh. If someone trade bitcoin then he will be punish by police in Jail!

what exactly were you waiting for?!!! using bitcoin has been illegal in your country from 2014! nearly 4 years ago!

here is a quote from 15 Sep 2014:
"Bangladesh's central bank has warned against dealing in Bitcoin, saying anybody caught using the virtual currency could be jailed under the country's strict anti-money laundering laws."

you can read more about it here: http://www.telegraph.co.uk/finance/currency/11097208/Why-Bangladesh-will-jail-Bitcoin-traders.html

What should we do now, Guys? 

the same thing as the rest of your country have been doing. either stop using bitcoin or say F* you to your government and enjoy your financial freedom...
and whenever you felt down just check out what people in Zimbabwe are doing. bitcoin is also illegal there.
they use free electricity to mine bitcoin, use that to buy food from Amazon, deliver the food to a adjacent country, import it inside country and feed their people.

Looks like an impressive against oppression by governments!  Hail Bitcoin!!

Bitcoin was illegal in Bangladesh,  But it wasn't crime that time. But now police catching bitcoin holders/ Miners,  And mining of any cryptocurrency also illegal in Bangladesh Now. So, It's totally officially crime now bro 

[butcherme]

And the wait is officially over!  The worst news in this year is Bitcoin is Totally illegal in Bangladesh. If someone trade bitcoin then he will be punish by police in Jail!

What should we do now, Guys? 

I think this is a bad news for you. Cryptocurrency is a good way to earn money. Well, if it's illegal in your country and if you think that your income will be worth it, why not move to another country and start trading or mining there.

[BILGPS]

Bitcoin is the currency and it is not the tool or gun through which we can do a crime. Bitcoin is the digital currency which can be used for many jobs if you are a criminal may you receive amount in bitcoin but it is not the fault of bitcoin it is up to you if you use it for good purpose and if you are not good person then you will use it for criminal activities. It is the bitcoin which provide income source to the needy people and it is bitcoin through which many students are completing their studies.

[AshikurRahmanKhan16]

And the wait is officially over!  The worst news in this year is Bitcoin is Totally illegal in Bangladesh. If someone trade bitcoin then he will be punish by police in Jail!

What should we do now, Guys? 

I think it was illegal from the very beginning.but recently government has taken a lot of strict action.Already counter terrorism searched find the Bitcoin user.Its very disappointed issue for bangladeshi Bitcoin user.

Yes, this is so disturbing for all bitcoin user. I think we are improving our country's financial system. But our government trying to depress us. Mining, trading any cryptocurrency and also bitcoin are illegal and crime!!
Hope they will understand what is bitcoin.

[kennyy2929]

DO NOT GET CAUGHT! Keep trading

[spyderbilt]

And the wait is officially over!  The worst news in this year is Bitcoin is Totally illegal in Bangladesh. If someone trade bitcoin then he will be punish by police in Jail!

What should we do now, Guys? 

I think you have to quit bitcoin if you have to deal with a criminal, because if it is established by law we can not do much. but if you have the guts you can trade in secret and hidden.

[staker$]

If it is true, it won't stay long like that. Bitcoin is basically decentralized and it can't be totally controlled by anybody, bank or government. But it would really be a sad news. In our country Bitcoin is not yet a problem I hope it would stay this way in the future.

[Woodies]

why not use anonymous coins like monereo, deep onion or Zcash?

Transactions with these coins can definetely not be traced.

For example deep onion uses the tor network!

[melted349]

And the wait is officially over!  The worst news in this year is Bitcoin is Totally illegal in Bangladesh. If someone trade bitcoin then he will be punish by police in Jail!

What should we do now, Guys? 

I think you have to quit bitcoin if you have to deal with a criminal, because if it is established by law we can not do much. but if you have the guts you can trade in secret and hidden.

having this kind of law in your country even me if i am on that country i am able to do what they wanted to be done for i may follow the rule for cause this is the law wanted for. cause if the case are you may be punish by police jail choose your safetiness and not to be use the bitcoin now. i may stop it if this is the thing that they wanted for.

[kmlkkl]

It is useless to stand on the ground to check the power. It is not so good to manage the country with primitive methods when technology is so developed. The important thing is to provide the substructure of the block-chain technology and find its place in the future. Every country that stands in the way of innovations is a country that has not been developed yet. Even this news is unbearable

[stompix]

Bangladesh Central Banks are investing in Bitcoin, yet the Government wants to ban it? That's crazy and I bet this story may not be completely over.

I've never heard of a country that has more than one Central Bank.
How is that even possible?

why not use anonymous coins like monereo, deep onion or Zcash?
Transactions with these coins can definetely not be traced.
For example deep onion uses the tor network!

It's not about tracking the transactions.
You have coins on your wallet, right?
How did those coins got there?
Simple, you made a transaction!!!!
Case closed.

The same goes for many other countries.
Poland has identical situation right now. UK in complete political and social disarray, German people split across over immigration and attacks. The whole western world is unhappy, prices in Norway would make you run back to America, the weather would make you into a depressed alcoholic, taxes in Denmark are up to 90% and 66% income tax average. There isn't perfect place in the world.

Yeah, the situation is a disaster in Europe /sarcasm off.
Let's all fly to Pakistan where you can earn 200$ a month, or in Bangladesh when you're happy with 100.
How about India that recently voted the minimum daily wage to be above 2$ ?

And what about Poland? What the hell is wrong with Poland? I'm asking this because... this time is personal!!!!

[icanscript]

This is just the beginning.
In 2018, the banking and government mafia will take serious measures to counteract the crypto-currencies. They have already understood the danger that crypto-currencies poses to them. The fight is just beginning.