For now, the country of Bangladesh still prohibits the use of cryptocurrencies on the grounds to prevent money laundering and warns its citizens not to violate the Money Laundering Prevention Act, 2012”. but many Bangladeshi investors have been in cryptocurrency, so this ban cannot stop the growth of bitcoin in Bangladesh.
Due to decentralized aspect of crypto then it cant really be stopped no matter how government would tend to stop its citizens on involving with cryptocurrency market which is something to be norm.
Each country does have their own jurisdiction whether they do accept a particular thing or not but its not surprising that crypto would really be out of the list since it is totally decentralized.
It would really be that understandable that they would stand against decentralization for possible money laundering and other possible illegal transactions in correlated to it.
So laws and terms would really be created.
As I have read some of the posts here before from Bangladeshi people, they have hard time converting their crypto to their fiat, unless, they will use p2p trading platforms. Maybe, with the formulation of their laws towards digital, cryptocurrency, they may be open to the idea of having their own local crypto-exchange, under the jurisdiction of their Central Bank. Even if we say, they will require KYC, at least their customers will be protected from scammers and some of their crypto users will possibly use their services.
