Bangladesh government banned bitcoin ? - page 8.

AliMan

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

Anyone knew about that Huh

Is it true news Huh

Yes it is true, also they already began to look for Bitcoin traders. The trading of the popular virtual cryptocurrency is illegal in Bangladesh, but the trading and usage of this currency is still rampant – a fact that has riled Bangladesh Bank. Meanwhile, the government has warned people not to make any transactions with bitcoin. According to Bangladesh Bank, bitcoin is neither accepted nor considered legal tender anywhere in the world, and it is risky to use this currency. The trading of this currency might cause infringements of laws regarding money laundering or funding terrorism.

And it so much make the bitcoin negative.

aray80

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As I know, the Bangladesh State has strictly forbidden the use of this digital currency and will imprison bitcoin enthusiasts who do bitcoin transactions as well as these bitcoin Users will be classified as violating the law under the Anti Money Laundering Act ...

Gunawan82

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

Anyone knew about that Huh

Is it true news Huh

It's absolutely true bangladesh government banned Bitcoin and crypto currency that is old news.Bangaldeshi online news cover about it https://www.dhakatribune.com/business/banks/2017/12/27/bangladesh-bank-ban-bitcoin/
also coindesk news https://www.coindesk.com/bangladesh-outlaw-bitcoin-jail/

bountygram.io

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I feel bad for the people from Bangladesh. I mean why are they being hunted for using bitcoins? They did nothing wrong just trying to make a living out of it. I just hope people will accept bitcoin because this is a good change.

Jossy111

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Yes! It is true that the Bangladesh central bank warned the people not to trade bitcoin and I think is an understanding between Bangladesh government and their Central Bank trying to fight against cryptocurency but I know with time all these will be over and the ban will be layed off hereby making bitcoin an acceptable means of trading in their country once they discovered they have been cut off from international investments and foreign trading due to the bitcoin rejection. Because every country has experienced more foreing trading in internet business ever since the existence of bitcoin. So bitcoin can not be cut off from foreign and international transactions.

asus09

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

Anyone knew about that Huh

Is it true news Huh

I do not know this news is true or not, but if true I am not surprised, because after all many countries especially in asia do the same thing. such as a corrupt systematic and excessive fear.

xanaxxx

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

Anyone knew about that Huh

Is it true news Huh

another example of non functional ridiculous government being afraid of bitcoin when they probably don't even know what it is ,surely never used it. That will change in time though

Emran4567

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Yes, Central bank of Bangladesh has proposed a circular announcing that bitcoin transaction is restricted there. So far I think, Bangladesh has banned this in order to avoid corruption, drugs and arms business. I hope like other countries , bangladesh will make a policy regarding cryptos.And police arrest those involved in this kind of work.

israfil

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When my A Monahayat used Bitcoin to understand the advantage they did not ask a bank to deal with Bitcoin many countries crypto exchanges but they were not completely prohibited or using it. But after reading this news, I see that the crypt of Bangladesh is completely banned. Because Bitcoin can understand the benefits of trying to understand why. But after understanding the risks and procedures using Blocker technology, the government regularly starts formulating and people are allowed to use Bitcoin.

moynul2050

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Quote from: babarian on May 17, 2018, 01:46:19 AM

although actually this news has been very long, in fact you are late to find out.
and remember, that only government banks are banning bitcoin in bangladesh does not mean bitcoin is banned as a whole in bangladesh.
do not overly magnify this problem. it will make things worse

Yes, it is true. should any negative news should not be exposed continuously. this situation only makes the panic and its impact for the price is very bad.

Dudeperfect

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I haven't read the official notice about it yet but some news stories are reporting that police are hunting for the Bitcoin users in Bangladesh but things are still unclear. Well, if this is true then it is the worst thing that the government is doing with the people. If any country is calling itself a democratic country then there is should be the freedom to the citizens of using their money in the way they want. Bitcoin users are not criminals, they are not funding anti-national activities, they are just using it as a payment system. If anyone is using it for the illegal purpose then everyone including Bitcoin users community has no objection to punishment to such individuals/organizations.

ashahin7799

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Yes, the government of Bangladesh banned bitcoin.Even for this, arrangements have been made in strict law..The use of the crypto currency has been declared illegal in Bangladesh.The Bangladesh government thinks the use of crypto currency will cause economic problems.I hope the government of Bangladesh will change this very soon.Because, bitcoin has responded very well to the world.Even its popularity is increasing day by day.

badakjawa

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Quote from: BitMaxz on May 15, 2018, 03:35:35 PM

This is an old issue and I think they are hunting those people who are using bitcoin and other cryptocurrencies check the article here https://news.bitcoin.com/bangladesh-authorities-hunt-bitcoin-traders/

However, some of my friends from Bangladesh are still accepting bitcoin as payment, but why this news still discussed?

If you are living in Bangladesh better to use a VPN to save your bitcoin or you can exchange it into perfect money and withdraw it in any 3rd party exchange from perfect money.

thank you for your information, and although this is old news, but I become to know this news. and very useful.

but, I read there is no firm action from the government of Bangladesh for bitcoin users, meaning the government ban bangladesh only limited statement and threat only, and not in form of official regulation.

Tarek4080

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Bangladesh isn't a major player in crypto world... Moreover it has strict foreign currency policy to defend money laundering ; so it is of no wonder that this country will support Bitcoin or any other crytpo..

However a lot of people are involved in trading bitcoin through external channels... It has little effect on bitcoin 🏂

emath7

newbie

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I find it hard to understand these kinds of sanctions. Putting an obstacle in front of the digital money is ridiculous. If you put obstacles in front of digital money, you can never be a developed country. Because digital money is the trend of technology. You can not ignore it.
The digital money can go to the edit path. But it is absurd to ban. You can not resist technology. Today, you will enter the tail tomorrow to get the technology you forbid and block. But you will lose your chance. Because other countries will already own this technology and they will sell you this technology for money...

seramania

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although the balngladesh government banned bitcoin but I think this is not a big problem, because the role of bangladesh in cryptocurrency is not great. so I think cryptocurrency will still run normally.

gunday01995

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It is true and there is a law in Bangladesh regarding any kind of e-transaction.But still there is a lot of users of bitcoin so I think it will not effect so much.

babarian

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although actually this news has been very long, in fact you are late to find out.
and remember, that only government banks are banning bitcoin in bangladesh does not mean bitcoin is banned as a whole in bangladesh.
do not overly magnify this problem. it will make things worse

Dod Ong

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

Anyone knew about that Huh

Is it true news Huh

I also heard and read about that news and I am somehow upset about that because another country banned bitcoin. I hope that the banning of bitcoin will stop and I hope that they accept bitcoin because it can make their country healthier. I am worried in the people in Bangladesh who wants to invest their money in bitcoin.

Sirait

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Activity: 1890

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I've heard this news, and this news is true, Bangladesh apply the same rules on Bitcoin like my country, but do not we make this as frightened, because this will only benefit those who dislike or reject Bitcoin...

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