Topic: Bangladesh government banned bitcoin ? - page 7. (Read 1514 times)
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
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.
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. Is it true news
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.
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).
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.
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.
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.
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.
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. 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. Is it true news
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.
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.
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.
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.
Yes!!Bitcoinn banned in bangladesh because Government of Bangladesh think that investing or trading in bitcoin in one kind of money laundaring.
Anyone knew about that
Is it true news
In a statement the Central Bank of Bangladesh cited concerns over bitcoin’s lack of “a central payment system” which could lead to people being “financially harmed”. It invoked the provisions of the Foreign Currency Control Act of 1947 and the Money Laundering Control Act of 2012. Then, added that trading in bitcoin and other digital currencies could lead to a punishment of up to 12 years in prison.Is it true news
“Bitcoin is not a legal tender of any country. Any transaction through Bitcoin or any other crypto-currency is a punishable offense,” the bank said in an official statement last September.
The ban comes as an enforcement of sections 4,5 and 8 of the 1947 law that regulate trading in foreign currency without authorization or general permission from the central bank. Section 5 severely restricts payments did outside Bangladesh, which affect bitcoin payments.
I am not aware of this news personally but i have heard this from forum users. I think they are trying to ban transactions pertaining cryptocurrencies and all others dealing in crypto with foreign exchanges.They are hunting for such users and this is a common process globally.But i see still many people dealing in crypto globally either through VPN or by using internet.
Anyone knew about that
Is it true news
Yes the news is true, but in my opinion the development of bitcoin currencies will continue to advance in the world, the bitcoin ban in Bangladesh will not make bitcoin die. Is it true news
Anyone knew about that
Is it true news
Is it true news
I don't think it would have a major impact on crypto market changes, especially on bitcoin. the population of people involved in bangladesh for bitcoin is not so much when compared to in other asia. only possible impact will be felt on the local community of Bangladesh residents.
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