Binance Adds Bangladeshi Taka (BDT) to Peer-to-Peer Trading!

Em00n01

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Quote from: ZaraCB on November 21, 2020, 10:34:39 AM

Quote from: Em00n01 on November 20, 2020, 03:25:45 PM

Government don't have that ability to monitor every person. So there is almost zero chance of getting caught Grin

.

If the Bangladesh government had the ability to monitor every person, then cryptocurrency would not be banned in Bangladesh. How will the government of the country whose reserves are stolen from the central bank monitor the cryptocurrency? Rather I think the government should welcome cryptocurrency and take the advantage of it.

Yeap! Also we don't have Paypal yet. There were several bad reports published on some TV channel and they compare BTC with gambling( Don't know WTF research they've done Huh

). Many specialist said people will use it for gambling and will be used for money laundering. This is the main reason of ban.

shoreno

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Quote from: Jocuserious on November 21, 2020, 11:00:49 AM

Quote from: ZaraCB on November 21, 2020, 10:34:39 AM

Quote from: Em00n01 on November 20, 2020, 03:25:45 PM

Government don't have that ability to monitor every person. So there is almost zero chance of getting caught Grin

.

If the Bangladesh government had the ability to monitor every person, then cryptocurrency would not be banned in Bangladesh. How will the government of the country whose reserves are stolen from the central bank monitor the cryptocurrency? Rather I think the government should welcome cryptocurrency and take the advantage of it.

As far as i know, a significant reason for the ban on the use of cryptocurrency in bangladesh country is for terrorist activity.

Suppose if cryptocurrency is used in terrorist activities, then it will not be possible to identify those terrorist groups. because it will not be possible to detect them with bitcoin transactions.
However, with some security and new methods, they can be used in the future. there is a need to present some mandatory information so that bad activities can be brought under control.

whats wrong with that ? a terorrist can also use fiat but why they dont ban the fiat . terrorist are armed and covered thier whole body including faces , theres no way they can be seen , same as when they use a btc but its possible for those terorist to be caught as theres already many terorist that are cught on the past .

binance acceptance of bangladesh currency will still be useless if cryptos are being banned on this country but there could be other users in other countries that are going to be interested to trade in these currencies .

Shallow

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Quote from: Em00n01 on November 19, 2020, 02:52:20 PM

Binance has added support for the Bangladeshi (BDT), Czech Koruna (CZK) and Ghananian Cedi (GHS) to the Binance Peer-to-Peer (P2P) trading platform against BTC, USDT, ETH, BNB and BUSD with zero transaction fees

https://www.binance.com/en/support/announcement/14cbf4930c544dac96161f166ac8eecd

This is a very good news for all Bangladeshi user! Grin

This is a very good developement from Binance, welcoming three country's fiat to its platform shows their quest to ensure that crypto can be easily accessible and/or exchanged so far the person can access the internet and have an understanding of the crypto space. Also, all these fiat supports are one of the things which keeps contributing to the growth of Binance exchange and therefore with the current nature of the crypto space now, more users will join up Binance therefore accessing crypto while taking part in what it offers.
I think other exchanges needs to take an idea from Binance and understand that, the crypto space is not what it used to be, rather it has grown so much and can only keep getting better, and only those exchanges who are ready for innovative developements will be used by traders or investors or users.

Jocuserious

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Activity: 1935

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Quote from: ZaraCB on November 21, 2020, 10:34:39 AM

Quote from: Em00n01 on November 20, 2020, 03:25:45 PM

Government don't have that ability to monitor every person. So there is almost zero chance of getting caught Grin

.

If the Bangladesh government had the ability to monitor every person, then cryptocurrency would not be banned in Bangladesh. How will the government of the country whose reserves are stolen from the central bank monitor the cryptocurrency? Rather I think the government should welcome cryptocurrency and take the advantage of it.

As far as i know, a significant reason for the ban on the use of cryptocurrency in bangladesh country is for terrorist activity.

Suppose if cryptocurrency is used in terrorist activities, then it will not be possible to identify those terrorist groups. because it will not be possible to detect them with bitcoin transactions.
However, with some security and new methods, they can be used in the future. there is a need to present some mandatory information so that bad activities can be brought under control.

ZaraCB

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Quote from: Em00n01 on November 20, 2020, 03:25:45 PM

Government don't have that ability to monitor every person. So there is almost zero chance of getting caught Grin

.

If the Bangladesh government had the ability to monitor every person, then cryptocurrency would not be banned in Bangladesh. How will the government of the country whose reserves are stolen from the central bank monitor the cryptocurrency? Rather I think the government should welcome cryptocurrency and take the advantage of it.

Strongkored

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This is a move Binance is taking to meet their target of adding all world currencies on their exchange, they are targeting that by the end of this year all can be added, so there will be more news about Binance adding fiat in future.
https://coinnounce.com/binance-extends-it-fiat-support-to-add-five-more-currencies/

Jocuserious

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Activity: 1935

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Surprise all Bangladeshi members and like to Congress.
I know crypto not legally in Bangladesh country so there was a big problems for buying and selling to convert BDT. But now everyone can buy and sell risk free where the government cannot present any kind of policy.

Em00n01

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Quote from: lifeOK on November 20, 2020, 06:47:32 AM

A big population and corrupt institutions so it's kinda tough job to control everything all together by following the low. Once in a while you may get notice that some activity taken by the police. If you caught then you might undergo money laundering case from the authority, that is harassing part.

That's right. But as far as I'm doing P2P trade/exchange i'm totally safe. Government don't have that ability to monitor every person. So there is almost zero chance of getting caught Grin

.

lifeOK

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Quote from: Em00n01 on November 20, 2020, 04:23:42 AM

Quote from: tabas on November 19, 2020, 05:56:41 PM

It is good news for Bangladeshi users but IIRC, crypto is ban in Bangladesh? how people will trade from that country if the government don't allow it?
A bit old news that Central bank issues notice banning Bitcoin in Bangladesh, I can't find any new update about the said ban so which means that it's possible that bitcoin is still banned in Bangladesh.

Yes it's still banned by the Central Bank of Bangladesh. But i didn't see any action taken by Government till now! It's just a notice that's it. Government don't have the ability to regulate everything. P2P and F2F trade/exchange is ongoing almost everywhere in the country. Also last year a person was cought by police as someone reported about his scam.

A big population and corrupt institutions so it's kinda tough job to control everything all together by following the low. Once in a while you may get notice that some activity taken by the police. If you caught then you might undergo money laundering case from the authority, that is harassing part.

Em00n01

full member

Activity: 737

Merit: 104

Quote from: tabas on November 19, 2020, 05:56:41 PM

It is good news for Bangladeshi users but IIRC, crypto is ban in Bangladesh? how people will trade from that country if the government don't allow it?
A bit old news that Central bank issues notice banning Bitcoin in Bangladesh, I can't find any new update about the said ban so which means that it's possible that bitcoin is still banned in Bangladesh.

Yes it's still banned by the Central Bank of Bangladesh. But i didn't see any action taken by Government till now! It's just a notice that's it. Government don't have the ability to regulate everything. P2P and F2F trade/exchange is ongoing almost everywhere in the country. Also last year a person was cought by police as someone reported about his scam.

Cryptomiles1

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I know binance will dominate most of the trading platform today because they have some good marketing strategies which makes them remaining the best among top exchange.
I think this would attract much clients and most exchange owners to gear up other exchange that does not support fiat withdrawal and deposit.

tabas

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It is good news for Bangladeshi users but IIRC, crypto is ban in Bangladesh? how people will trade from that country if the government don't allow it?
A bit old news that Central bank issues notice banning Bitcoin in Bangladesh, I can't find any new update about the said ban so which means that it's possible that bitcoin is still banned in Bangladesh.

InwardContour

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Activity: 644

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Impressive update! Binance keep building and taking remarkable steps to maintain number 1 crypto exchange with innovations. Many FIAT pairs already compared to other exchanges before the newly added BDT to P2P trading, makes a lot of sense. CZ and team keep up with development progress to draw in more users to Binance, with awesome track records. Hoping to see other exchanges emulating these steps. Aside Uniswap being my best exchange (of course I'm a DEX degen), Binance is my second best exchange presently.

Cadaver20

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This is a very good initiative. I think cryptocurrency will be more popular in Bangladesh now. Bangladeshis will get more benefits of cryptocurrency from now on. Because from now on they will be able to trade BDT against BTC, USDT, ETH, BNB and BUSD at zero transaction fees.

Em00n01

full member

Activity: 737

Merit: 104

Binance has added support for the Bangladeshi (BDT), Czech Koruna (CZK) and Ghananian Cedi (GHS) to the Binance Peer-to-Peer (P2P) trading platform against BTC, USDT, ETH, BNB and BUSD with zero transaction fees

https://www.binance.com/en/support/announcement/14cbf4930c544dac96161f166ac8eecd

This is a very good news for all Bangladeshi user! Grin

Topic: Binance Adds Bangladeshi Taka (BDT) to Peer-to-Peer Trading! (Read 180 times)