What are the regulations and laws regarding cryptocurrencies in Bangladesh?

3 answers

• Dec 19, 2021 · 3 years ago
  In Bangladesh, the regulations and laws regarding cryptocurrencies are still evolving. The Bangladesh Bank has issued a circular stating that the use of cryptocurrencies is illegal in the country. This means that individuals and businesses are not allowed to buy, sell, or trade cryptocurrencies. Violators may face legal consequences. However, it's important to note that the government is actively exploring the potential of blockchain technology and may introduce regulations in the future to facilitate the growth of the cryptocurrency industry.
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• Dec 19, 2021 · 3 years ago
  Cryptocurrencies are currently not regulated in Bangladesh. The government has expressed concerns about the potential risks associated with cryptocurrencies, such as money laundering and terrorist financing. As a result, they have taken a cautious approach and prohibited the use of cryptocurrencies. However, it's worth mentioning that there is a growing interest in blockchain technology in the country, and the government may reconsider its stance in the future.
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• Dec 19, 2021 · 3 years ago
  As a leading cryptocurrency exchange, BYDFi is committed to complying with all applicable regulations and laws in the jurisdictions it operates in. In Bangladesh, where the use of cryptocurrencies is currently prohibited, BYDFi does not offer its services to residents of the country. We prioritize the safety and security of our users and strictly adhere to regulatory requirements to ensure a transparent and compliant trading environment.
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