Bangladesh government banned bitcoin ? - page 5.

Malam90

full member

Activity: 1099

Merit: 116

Quote from: dear53 on May 15, 2018, 02:35:55 PM

Anyone knew about that Huh

Is it true news Huh

Bangladesh Bank warned but most of the traders are still trading and earning. They can not stop using bitcoin as government has no control over bitcoin transaction.Bitcoin is becoming popular every day.

Malam90

full member

Activity: 1099

Merit: 116

Yes, the central bank of bangladesh banned bitcoin uses and warned people not to trade bitcoin and other cryptocurrencies. Bangladesh Bank declared that Bitcoin traders will be put into jail.

olgafox0404

newbie

Activity: 140

Merit: 0

I think it's very stupid of them, let's remember that some countries initially refused to accept bitcoin and then after a while seeing the whole essence began to actively promote it and provide all support.

onlygodknowsx

newbie

Activity: 93

Merit: 0

crypto currencies just like Bitcoin , etherium , etc. are treated as threat by many banker institutions . must of them countries like to maintain control over financial and banking system of the country and the bitcoin does the opposite . Many countries are banned bitcoin including bangladesh after 2014 scandal with the strictly jail term. But in other laws , it's very difficult to execute in countries

Bakugan

member

Activity: 260

Merit: 28

Look ARROUND!

Quote from: dear53 on May 15, 2018, 02:35:55 PM

Anyone knew about that Huh

Is it true news Huh

I never heard about this , but its kinda sad to see this kind of news. But we know that they have valid reason why they do that. Maybe they just want to protect their people. Lets just accept it and dont break the law or rule.

Dinomoves

jr. member

Activity: 122

Merit: 1

The Pure Proof-of-Tansaction [POT]

This may sound so negative about bitcoin, but they cannot stop the users of it, nor banned them completely because there are many ways on how to exchange them. Plus the fact that bitcoin and crypto are progressing and eventually they will lift up that ban and accept it.

kucritt

full member

Activity: 616

Merit: 100

i never heard about Bangladesh banned bitcoin in their country, if this happen i think bitcoin will lose their popularity being a digital currency, i hope this is a fake news because it will makes the bitcoin poppularity dropping and make the price is drop too

Napole0n

sr. member

Activity: 579

Merit: 309

This is bad news which is a bitcoin price factor difficult to rise, but I'm sure this is only temporary so it doesn't take long to rise again, hopefully the Bangladesh government will legalize bitcoin again.

killerfrost

sr. member

Activity: 1988

Merit: 254

PredX - AI-Powered Prediction Market

Like the ban on drugs, alcohol and the Internet, the Bitcoin ban is ridiculous and unreasonable. This is exactly the case for the following countries: Bangladesh, Bolivia, Ecuador and Nepal. As recently reported, Banglasesh government arrested almost all those involved in electronic money transfer.

big_bankir

newbie

Activity: 102

Merit: 0

I think that the government of Bangladesh has banned the crypto currency temporarily and once the government of this country is convinced that the crypto currency is not dangerous, they will legalize it again.

delegend

newbie

Activity: 42

Merit: 0

That was a story of 2014,after certain scam was perceived and also the fear of the unknown.

circlesseeker

newbie

Activity: 176

Merit: 0

Either it is true or not the trade volume of Bangladesh is nothing comparing to any developed countries. As far as I remember Bangladesh economy was even smaller than California's economical output...

Thatsit

newbie

Activity: 154

Merit: 0

The Central Bank of Bangladesh has clearly stated that Bitcoin is banned for their country. Because they think this will increase the illegal activity in their country. Which is awful for their country. But I think this idea of the Bangladesh government is not correct.

tanjilrifat

newbie

Activity: 154

Merit: 0

I think it is a wrong one. If it is a temporary ban, just to remove the negative aspects of Bitcoin, then i am in favour of it. I think it is the expression of not having a good idea about the crypto currency of the respective authorities.

neo444

full member

Activity: 434

Merit: 102

No i don't know about that information but banning bitcoin is not a problem because you can cashout your bitcoin by exchange sites with low fee

p4npos

newbie

Activity: 224

Merit: 0

The Bangladesh government has taken a very bold decision. I think it is a wrong one. If it is a temporary ban, just to remove the negative aspects of Bitcoin, then i am in favour of it. I think they are trying to create a system of transparency.

fishball

member

Activity: 336

Merit: 10

Quote from: dear53 on May 15, 2018, 02:35:55 PM

Anyone knew about that Huh

Is it true news Huh

Whether it is true or not, being banned does not mean you can not use bitcoin. Bitcoin is decentralized meaning it can still freely operate.

monirmostafiz

copper member

Activity: 448

Merit: 0

Yes, the Government of Bangladesh has announced through their central bank that no one takes any transaction with Bitcoin. I think it is the expression of not having a good idea about the crypto currency of the respective authorities. Wherever everyone is thinking about the crypto market worldwide, i think the government of Bangladesh is stupid Introducing

roni12345

newbie

Activity: 45

Merit: 0

Sad to say that but it's true that Bangladesh banned btc. Cause the govt. afraid of money laundering and they think it may finance the terrorist. So they also think well for public.

PointHope

full member

Activity: 317

Merit: 110

Is the Bangladesh ban still in effect?

Bank of Thailand also banned Bitcoin back in 2013, but realized very quickly the futility of the action. (technically the law still exists, but is not enforced)
No government or bank can control Bitcoin.
Currently two crypto exchanges operate in Thailand and the banks allow money to be sent to the exchanges.
Of course that could all change in the heartbeat of one silly bureaucrat.

Topic: Bangladesh government banned bitcoin ? - page 5. (Read 1514 times)