Topic: Bangladesh Government Comparing Gaming with Gambling and Cryptocurrency (Read 546 times)

It's a shame that some governments take issue with someone's own money management

I feel like the overreaction from some backwards country is not really that shocking. Bangladesh is not a place that you imagine when you imagine a beautiful country, I can name probably 100 other countries that I would rather be in before I name Bangladesh, but that is what happens when you have an ignorant public plurality with crooked politicians who want to make sure that they have the control by basically ignoring all the human rights and sensible and logical movements.

So, I would say the best case right now for Bangladesh would be to leave the nation, go away somewhere else if you have a slight brain, there is no reason to really stay in a nation just because you were born there, if you were born in a horrible place, just run away, I am sure you can find at least one place you can work and live.

This is totally funny matter to me actually. . I think Bangladesh governments IT sector people or policy maker men could not understand what they are doing or going to do. Many govt banned crypto currency but they did not banned debit or credit card to buy games. Yes there are some gaming sites who accepting BTC but how they connect debit or credit card that are not really realizable to me. Actually as cryptocurrency is illegal to Bangladesh so nobody saying about it because people thinking if they say anything about it police or crime unit will capt them. I think it will needed more time for Bangladesh govt or central bank.

thanks.

It's not that bad, they just closed one door, there're many other doors to be used. People will find another way to buy and cash out, just with bank it's much easier of course, it's why we still use them.
Banks have their own rules, and banks make mistakes. I can't say what's the problem here, OP should go to the bank and clear things, it's why I do when I have a problem with them, and I had problems with banks, liek each of us had at least once probably. It can be a mistake by some employe, it can be anything stupid, and if it is it will be solved, but if the bank have a new rule than it's on you to still use them or to simply find another bank that suits your needs.

The bank's policy prohibits the use of credit cards for crypto use. This is bad for the crypto world. At this stage of crypto growth, policies like this inhibit mass adoption which is very much needed for crypto.
It is expedient that the government of this country realizes the importance of crypto and make amendments to policies like this

You mean to get a independent third party to help explain in detail what crypto is? I doubt that they will listen though, its seems that Bangladesh government has already close their minds and shutting everything crypto related so I don't think this will work. It's just hard for us if our government does not support the growth and don't realised the potentials that they gain in this will just open their eyes and look for the benefits instead of shunning it.

The government through the central bank needs a financial analyst to explain to them in detail what this is. I am very sure they are trying to de-associate their financial system from any services that can indirectly be used with crypto. Here in my country, you cannot even use debit cards to buy anything from site that is international. They regulated international services that can be accessed through the card.

Your idea is correct that most of the people of BD are not well known about crypto currency and gambling. People of BD are losing money on these and that's why government is not accepting crypto currency and gambling.

It should be the choice of the user if he wants to get addicted to a game or not. Subscription-based games like WoW or Eve can be addictive but they can also be the source of entertainment and even allow people to meet new friends and build relations.

You can never stop people from becoming addicts. If they won't fall victim to computer games, casinos, oinline trading, they will become alcoholics or something else. This is pointless.

That was pretty odd to think that you can no longer use cashless transactions through your debit/credit cards to purchase video games online just because your government was thinking that such games found to be purchased online are accused to be crypto or gambling games. Beforehand, they must inform the public about such thing before doing the blocking of cashless transactions on purchasing video games online for many people specifically gamers are depending on cashless transactions specially at times like this that gaming stores are temporarily closed for they are located at malls and only essential stores intended for basic needs are operational.

They must have learn about differentiating crypto/gambling games from the typical video games because some video games or mostly can be bought or purchased online and such purchase is in need of money which basically cannot be considered as gambling because it is a payment for transactions and not a bet to be able to play the game. Before doing such thing they must have first clearly classified or distinct the different between crypto/gambling games and video games because many are entertaining themselves this quarantine through playing games to make themselves busy and to lessen the boredom brought by the lockdown.

Games are created with the intention of making people get addicted to it then only they can make money out of it and most of the modern day games are making profits from in app purchases which maybe against in some country that is why they banned gaming along with gambling.Pick the leader who is enough to understand what it is really meant for if you want to enjoy it.

The reason the Bangladesh government compares gaming to gambling and cryptocurrency is that gaming games are very expensive and in many countries they are considered illegal. No one can play them independently due to lack of legitimacy and the government does not get any money from now on. It has nothing to do with the bank so the government compares it to crypto. Although expensive everyone is willing to play as they please.

they think that video games are simillar to gambling sites because both are addictive and people usually spend thier money to buy games from those said platforms and the games were expensive too on those sources but still its ours  money not them  .

you can transfer on other bank , not all banks will have a rule like that but check thier rules first and try the banks that are less strict .

This is the behaviour that lends a premium to crypto and those already as holders within BTC because freedom is not free within many countries of the world.   I can sympathise with the logical process of Bangladesh government so long as they mean to go down the road of a communist era type authoritarian rule over its people deciding which is left and which is right and how every action should be, like a puppet they would like the define the world for their people perhaps.   Its a horrible way to run a country and the whole nation will be poorer struggling to react in any natural process but it wont the first or last time its attempted if that is what they mean to do.

Holyshit man! I'm sorry to hear that.

Perhaps what you guys can safely do is to store some Bitcoin and wait for your country to change (because of globalization). But there is a riskier (and more rewarding) way that is trying to change the policy democratically. It's very tough, but you can use academics institutions to do this kind of debate. Let them know that KYC/AML compliance will solve the money laundering problem without stomping ordinary people from accessing new technology.

For those who are new to the cryptocurrency sector, Bangladesh is the country which arrested cryptocurrency traders a few years back. They have always treated cryptocurrency similar to contraband. It will be wrong to assume that their stone age mentality regarding new technology would change anytime soon. For those who want the details of the old incident, check this:

https://www.thedailystar.net/backpage/news/police-arrest-3-cryptocurrency-dealers-1735429
https://www.telegraph.co.uk/finance/currency/11097208/Why-Bangladesh-will-jail-Bitcoin-traders.html
https://www.dhakatribune.com/bangladesh/crime/2018/02/19/police-hunt-bitcoin-users-bangladesh/

Wow. This is insane. It seems like the Bangladesh government is living in the medieval times thanks to these restrictions from their side. How pathetic. Blocking gamers like this just shows that they want to control everything in their country.

I feel sad for the Bangladesh citizens who have to endure this crap going forward. I hope they reverse these restrictions soon.

Quite a number of countries are taking this step and its not only happening in Bangladesh. Its a simple straight forward regulation in other to protect both the economy and the citizens at large which is something that should be complied with. It did not remove the fact that some activities along the restricted areas won't be going on behind the scene but its only shows what the government is saying concerning certain subject matter. However, there is no need to be worried because policies can change at any time whenever there is an overriding reasons as to why that is to be taken.

Hmmm, I don’t think it’s only in Bangladesh that this kind of thing is happening because I got a message from my bank yesterday that I cannot spend more than $100 with bank card on foreign websites, but as for local transactions, there is no limit. So, I guess they are trying to keep the money in the country and avoid money laundering by all means.

But from this your bank post here, what I don’t really get is why they included forex and stock markets on the list of things that shouldn’t be paid for. And apart from that, gaming websites is not a bad thing, they shouldn’t stop people from paying for a game online.

Is this serious?just because they think those game are gambling they have just blocked the sites?without doing a formal investigation to prove their claims?

i believe  that those are only game provider because i use some of them,and there are no gambling happening not unless each individual who plays put some bets when they play and that is another story .

hoping they will reconsider the decision because there is fun in each game and only gamer can understand that.