Bangladesh government banned bitcoin ?

[Md.salauddin]

yes, it is right because Bangladeshi government has certain rules about this purpose and bitcoin does not follow those rules.

[supto005]

long time ago Bangladesh Bank has issued a ban on Bitcoin.

They said that transactions like Bitcoin or Bitcoin or any other artificial currency are not recognized by any organization of Bangladesh Bank.

If anyone involved with this then it will be considered as a punishable offense under the Foreign Exchange Control Act, 1947 and Money Laundering Prevention Act, 2012.

[Kertmu]

The government in many countries prohibits turnover of cryptocurrency due to fear of transferring them to "dirty money" from which the state has nothing.

[LigwagGanern]

Anyone knew about that

Is it true news

There is some people knew about that news because that is an old news and yes that is true. Bangladesh government banned bitcoin in their country. Yes there is many countries banned bitcoin maybe because the tax of it and government afraid of that. And there is some countries who accept bitcoin but there is rules of using it to avoid doing wrong or using illegal things.

[cryptohunter]

i guess it does not really matter either way to btc

[Jocuserious]

Anyone knew about that

Is it true news

Yeah I read in news 1 year before.but I hope will be accepted bitcoin. Because bitcoin popularity increases day by day with the rocket speed.

[lombok]

if that's true, it adds a negative list of news to bitcoin that could be a bottleneck. But this does not make the popularity of bitcoin or cripto be reduced or exhausted ....

[hiroshima786]

Bitcoin,a virtual crypto currency is not legal in Bangladesh.In September 2014,the bangladesh bank issued a statement regarding the use of bitcoin and warning that it is punishable by law.Bank officials said that anyone found guilty of dealing with bitcoin or any other crypto currency could be jailed for up to 12 years under current anti-money laundering laws.

[Name: Claudio]

They can't ban Bitcoin in your country as we know everyone can use VPN to hide or transaction or block our location and be on other countries' link, but in Bangladesh they are locating people who are into Bitcoin trading, since most of the people who has a dirty money is transforming them into Bitcoin.

[moynul2050]

I suspect maybe this is related to the law of using bicoin there.
this is normal because some countries apply the same rules.
but after understanding the risks and systems used blockchain technology gradually the government began to provide rules and the public is allowed to use bitcoin.

Many countries asked a bank to not to deal with crypto exchanges but they didn't ban completely or usage of it. But after reading that news it looks Bangladesh has completely banned the cryptos. Some time if country leaders are not technically strong then they can't understand the future use of new technologies until it becomes quite popular in other parts of the world. No one can change these types of leaders.

May have to wait for a change of leader or election.
The Government has an influence on technological developments in a country.

[Sihab76]

Hahahah when Bangladesh government accept bitcoin, i don't know. Bangladeshi government can't control bitcoin because Bangladesh is poor country and its people will use paper currency. Maximum bangladeshi don't know what is Bitcoin?

[Nodehype]

unfortunately some countries are banning bitcoin

[sagor0707]

Hahaha when Bangladesh government accept bitcoin, i don't know. Bangladeshi government can't control bitcoin because Bangladesh is poor country and its people will use paper currency. Maximum bangladeshi don't know what is Bitcoin?

I can not agree with you, many people are familiar with Bitcoin today, for example, you are a Bangladeshi, as you know Bitcoin, and now there are so many people in the forum who have registered for the Bounty and are working, The government is discussing To bring blockchain Technology at different levels. Talks are being discussed, so of course, in future, Bitcoin must accept Bangladesh.

[Lamisa asfiya]

Yes, the government of Bangladesh banned the use of Bitcoin. This is especially good for all of us, especially for those who are Bangladeshi food news. This will greatly impact Bitcoin prices. I think the government has banned the country from stopping terrorism, crime, fraud and so forth. I think the government of Bangladesh will soon give legal validity to use it. Because it is very necessary for a developing country like Bangladesh.

[lutfor]

Yes, bitcoin is declared as illegal in Bangladesh. This declaration is very much unfortunate for all Bangladeshi cryptos lovers. Even Government agencies are trying to trace bitcoin traders & dealers. So who are still works on bitcoin related matters, they are in danger now because it's illegal in Bangladesh. Hope the Government of Bangladesh will remove this declaration as soon as possible.

[Sirait]

I've heard this news, and this news is true, Bangladesh apply the same rules on Bitcoin like my country, but do not we make this as frightened, because this will only benefit those who dislike or reject Bitcoin...

[Dod Ong]

Anyone knew about that

Is it true news

I also heard and read about that news and I am somehow upset about that because another country banned bitcoin. I hope that the banning of bitcoin will stop and I hope that they accept bitcoin because it can make their country healthier. I am worried in the people in Bangladesh who wants to invest their money in bitcoin.

[babarian]

although actually this news has been very long, in fact you are late to find out.
and remember, that only government banks are banning bitcoin in bangladesh does not mean bitcoin is banned as a whole in bangladesh.
do not overly magnify this problem. it will make things worse

[gunday01995]

It is true and there is a law in Bangladesh regarding any kind of e-transaction.But still there is a lot of users of bitcoin so I think it will not effect so much.

[seramania]

although the balngladesh government banned bitcoin but I think this is not a big problem, because the role of bangladesh in cryptocurrency is not great. so I think cryptocurrency will still run normally.