Topic: Bangladesh government banned bitcoin ? - page 6. (Read 1514 times)
Bangladesh has banned bitcoin since September 22, 2014, Bangladesh has also banned the use of Bitcoin on the grounds of avoiding money laundering.
I think bangladesh has banned crypto currency. because central bank of bangladesh has proposed a circular announcing that bitcoin transaction is restricted there. because not just in bangladesh, many other countries are banning the crypto trade.
Bangladesh Bank has banned the use of Bitcoin, a virtual cryptocurrency, in Bangladesh by issuing a circular on its website. The circular read that Bitcoin is not an authorised and legal currency in any other country in the world. “Transaction with this currency may cause a violation of the existing money laundering and terrorist financing regulations,” the circular further read.
Anyone knew about that 
Is it true news
Is it true news
It is not banned exclusively but the government is taking regulations against bitcoin. Anyone caught doing transaction in bitcoin will be dealt with actions. Also their people are warned on investing and trading in cryptocurrencies especially bitcoin.
Unless they ban internet, they cannot stop bitcoin transactions in the country. It is however sad to hear a developing country trying to go against crypto.
Anyone knew about that
Is it true news
It is just that their bank has warned people to stay away from crypto. Banning bitcoins completely is impossible for any country. Is it true news
this is a true news but they are still working on putting the end to the ban, though the government and the central bank of Bangladesh is not taking the issue likely. but lets just not allow this to disturb our transactions flow in the crypto market, because this is one of the challenges bitcoin will overcome soonest.
anyone knows where is the bangladesh? 
my favourite country about ban things is China
they can really effect market with the news.
my favourite country about ban things is China
they can really effect market with the news. The move by the government of Bangladesh to barn bitcoin and bitcoin-related operations are not in my words the wisest of actions or decision to make because the technology was designed to be decentralised and with that feature, most of their citizens will still be in their crypto world without their knowing
The problem is their government wanted to have security for their people and they believe that Bitcoin is not safe that's why they implemented these rules, there's still a lots of discussions regarding to this chain and if ever that Bitcoin already been adopted to more bigger businesses online might have given a chance to be well understood and change this positions.
Yes I heard that news already and bangladesh government decided to avoid bitcoin as their currency and no transactions of btc will allow. That is why the government of bangladesh was so strict to the people who are using bitcoin. Bitcoin is decentralized that's why they think that it is harmful to the society, so in that case bitcoin will be banned by the government of bangladesh.
The move by the government of Bangladesh to barn bitcoin and bitcoin-related operations are not in my words the wisest of actions or decision to make because the technology was designed to be decentralised and with that feature, most of their citizens will still be in their crypto world without their knowing
Bangladesh government take strict action against those who are dealing with bitcoin.
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 is true that since September 2014, the Central Bank of Bangladesh has released the 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 who transact bitcoin
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
the news is true, maybe the government is afraid of its effects bitcoin, and if for me the bitcoin is even better, because the bitcoin can change everything so real.
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. Anyone knew about that
Is it true news
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.
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.
maybe next time in Bangladesh will make Exchange Bictoin and will not be banned again Bitcoin there.
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 
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
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