Bangladesh government banned bitcoin ?

[bmirror83]

Even facebook has its own currency, states can no longer continue their unreasonable attitude towards crypto currencies. Banning is too cold war action. They are just afraid of the change.

[EzzNju]

Seems like all government have pretty the same attitude towards bitcoin and other cryptocurrencies,bt we should always remember change will definately be resisted,especially with national government.its obvious the old financial systems will definately be disrupted by bitcoin,this is the reason more and more governments are not ready or willing to accept digital currencies.

[aqrulesms]

I am always sad hearing those news, we will end up seeind a devided world, where half will accept bitcoin and some will ban it right away.

[yudi31]

In September 2014, the Central Bank of Bangladesh released a statement that bitcoin is a currency that does not have a centralized payment system that is potentially harmful to society. The government of Bangladesh even gives a maximum sanction of 12 years in jail for those transacting bitcoin or other digital currency.

[cosmo1]

Anyone knew about that

Is it true news

No they haven't banned bitcoin.It is not so easy to ban bitcoins.The bangladesh government has announced to their country people not to use cryptocurrency and to avoid trading on cryptocurrency.

[tsinelas]

Bangladesh central bank warned the people not to trade bitcoin and they will be taking strict actions who are dealing with crypto currencies.They have alerted the foriegn exchange to monitor the people who are doing transactions with crypto currencies including bitcoin and take necessary action.

I haven't heard of that. i think i am to far ahead about the strict implementation of crypto currency on countries like bangladesh. I hope it won't happen to the philippines.

[Tahir460pk]

is it true a rumors that Bangladesh government banned bitcoin now market of this digital ICO is going at their peak the must be regularize it and make laws thats not a way to banned some countries are legalize it i listen here making also atm of bitcoins,anyway the experts and departmental head knows batter what good for all.

[youngsoft]

Here is a reason: Governments, first thing they do is form a currency. They like to control the currency. They control it through the central bank. They also like to know who has it, where it is, where it’s going.

[Chachacoin17]

I am always sad hearing those news, we will end up seeind a devided world, where half will accept bitcoin and some will ban it right away.

This can be worrying because of another banning issue of Bitcoin, but what we can do is to keep calm and accept the fact that each country has its own different view on what bitcoin is. We can't control the mindset of the people but we can keep our strong faith and trust that more will recognize it, maybe not for now but many will realize its real essence eventually if we continue to uphold its valuable aspects.

[Sir Paijoe]

This is a sad fact, more and more countries are officially banned bitcoin, the main reason of Bangladesh country is certainly because of fear bitcoin used for illegal transactions, but if want to learn from a country that legalize bitcoin like japan then bitcoin can be useful to advance economy.

[Lehbane]

Here we go again with the banning session, haha if you are afraid weather you can use or trade Bitcoin in your country then Visit --Bitcoin discussion the go to the ----legal section, some laws and regulation posts are created their, I hope this can help you. (advice don't deal banks with crypto directly use some outlets to cash-in and cash-out).

[btcdevil]

This is a sad fact, more and more countries are officially banned bitcoin, the main reason of Bangladesh country is certainly because of fear bitcoin used for illegal transactions, but if want to learn from a country that legalize bitcoin like japan then bitcoin can be useful to advance economy.

These all Country are not banning but they are giving instructions to bank to give information to their bank account holders to not use bank transactions in cryptocurrency related and if found close the account of said users.

[Bugcoin5]

Anyone knew about that

Is it true news

Transactions like Bitcoin or any other artificial currency are not recognized by any organization of Bangladesh Bank or Bangladesh Government. I think the  committee will work to find out a way on how to introduce Bitcoin in Bangladesh.

[sabihanazir]

Yes, it's true Bangladesh has  banned cryto currency. Central bank of Bangladesh has proposed a circular announcing that bitcoin transaction is restricted there. But not just in bangladesh, many other countries are banning the crypto trade. Because the currency of the crypto could destroy the paper currency in the country.

[PINAGPALA]

I do some research and some other country banning bitcoin why? is it against the law or what? i dont understand why are they banning bitcoin from their country

[Syunusa]

What would have make them to banned bitcoin? I think what they should have done is to regulate it and adopt high taxation on cryptocurrency trader and investors

[kickdapa]

Yes, they did. I have seen a thread about this news. It is maybe Another bad news for bitcoin and other cryptocurrencies. We know Bangladesh is a very small country but I think they have lots of crypto enthusiast. Maybe the market will affect again   

[masudginanjar]

it has become a dilemma when Bitcoin began to exist in a country, and it was a consideration for the government to warn its people.

maybe next time in Bangladesh will make Exchange Bictoin and will not be banned again Bitcoin there.

[PilosopongTacio]

Anyone knew about that

Is it true news

Yes, I've heard about this. They warned their citizen to stop using bitcoin and they already informed their foreign exchange department about it and look for citizens that would disobey the law. The bangladesh central bank also warned financial institution against crypto users.

[Rossy Akbar]

Bangladesh central bank warned the people not to trade bitcoin and they will be taking strict actions who are dealing with crypto currencies.They have alerted the foriegn exchange to monitor the people who are doing transactions with crypto currencies including bitcoin and take necessary action.

It sounds scary, well I think Bangladesh doesn't need to do that because they need to solve their economies problem,  well I'm not saying that the economy in my country was very good, but we're kinda in the same level, the society need to growth their income to fix the economys problems.