Topic: Bangladesh will jail Bitcoin traders? - page 4. (Read 4063 times)
It is very telling when a nation bans Bitcoin. It's one thing to warn people about it using at their own discretion but when you ban Bitcoin it makes me wonder what the real reasoning behind that decision is. It's also telling that corruption is so high in Bangladesh and I can imagine a small amount of people would be threatened by the lack of financial control Bitcoin would bring if the people of Bangladesh decided to adopt Bitcoin.
we should start a petition to make them change their minds!
no ,we should ignore it !
I don't think they will be able to enforce this. The trading of bitcoin is simply too difficult to track by the police, especially when it is done in secret and not in the open
we should start a petition to make them change their minds!
Pretty cool country they've got there. Banks being scared of bitcoin is pretty cute at this point.
Bangladesh is a common law nation, based on British common law. If the people understood how powerful this is, they could almost outlaw the government. In the event you are interested in how common law can be used over there, look at how Karl Lentz is teaching people to use it in the United Kingdom.
http://www.unkommonlaw.co.uk/
http://www.talkshoe.com/talkshoe/web/talkCast.jsp?masterId=127469&cmd=tc
Many of the Talkshoe recordings are hosted by Bali, from the U.K. I don't know where his family is originally from, but with a name like Bali, might even be Bangladesh.
http://www.unkommonlaw.co.uk/
http://www.talkshoe.com/talkshoe/web/talkCast.jsp?masterId=127469&cmd=tc
Many of the Talkshoe recordings are hosted by Bali, from the U.K. I don't know where his family is originally from, but with a name like Bali, might even be Bangladesh.
they have a police? 
"Bitcoin is not a legal tender of any country. Any transaction through Bitcoin or any other crypto currency is a punishable offence," the bank said in a statement on Monday.
Bank officials told AFP separately that anyone found guilty in Bangladesh of using Bitcoin could be sentenced to up to 12 years in jail.
Sounds like the Bank is making the laws over there. This is what happens when you give banksters power. Bank officials told AFP separately that anyone found guilty in Bangladesh of using Bitcoin could be sentenced to up to 12 years in jail.
Pretty fucked-up news:
http://www.telegraph.co.uk/finance/currency/11097208/Why-Bangladesh-will-jail-Bitcoin-traders.html
And not very long time ago:
Bangladesh get its own Bitcoin Foundation
http://cointelegraph.com/news/112354/bangladesh-get-its-own-bitcoin-foundation
EDIT:
Found the link on reddit, one of the comments:
If the above is true, it's possible that it's just a standard Bangladeshi gov's response to every new technology...
But can you imagine going to jail for 12 years for sending bitcoins? Madness.
http://www.telegraph.co.uk/finance/currency/11097208/Why-Bangladesh-will-jail-Bitcoin-traders.html
Quote
Bangladesh's central bank has warned against dealing in Bitcoin, saying anybody caught using the virtual currency could be jailed under the country's strict anti-money laundering laws.
The Bangladesh Bank, which regulates the impoverished country's banking industry, said it issued the order after reports in local media of Bitcoin transactions through various online exchange platforms.
"Bitcoin is not a legal tender of any country. Any transaction through Bitcoin or any other crypto currency is a punishable offence," the bank said in a statement on Monday.
Bank officials told AFP separately that anyone found guilty in Bangladesh of using Bitcoin could be sentenced to up to 12 years in jail.
The Bangladesh Bank, which regulates the impoverished country's banking industry, said it issued the order after reports in local media of Bitcoin transactions through various online exchange platforms.
"Bitcoin is not a legal tender of any country. Any transaction through Bitcoin or any other crypto currency is a punishable offence," the bank said in a statement on Monday.
Bank officials told AFP separately that anyone found guilty in Bangladesh of using Bitcoin could be sentenced to up to 12 years in jail.
And not very long time ago:
Bangladesh get its own Bitcoin Foundation
http://cointelegraph.com/news/112354/bangladesh-get-its-own-bitcoin-foundation
EDIT:
Found the link on reddit, one of the comments:
Quote
[–]rizzledizzle 30 points 4 hours ago
As a Bangladeshi, this is stupid but expected from the government. It's also not going to be enforced.
The country is so poor and corrupt, anything goes. I believe VOIP is still considered illegal to try and help the national telephone subsidy, but everyone still uses Skype/Facetime/etc.
As a Bangladeshi, this is stupid but expected from the government. It's also not going to be enforced.
The country is so poor and corrupt, anything goes. I believe VOIP is still considered illegal to try and help the national telephone subsidy, but everyone still uses Skype/Facetime/etc.
If the above is true, it's possible that it's just a standard Bangladeshi gov's response to every new technology...
But can you imagine going to jail for 12 years for sending bitcoins? Madness.
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