I am a Bangladeshi too and missing this opportunity of trading bitcoin in Bangladesh.
I write blogs regularly on crypto. Feel free to visit my blog. https://antiprobs.com/
Topic: Bitcoin in Bangladesh! - page 2. (Read 463 times)
Hi!
I am a Bangladeshi too and missing this opportunity of trading bitcoin in Bangladesh.
I write blogs regularly on crypto. Feel free to visit my blog. https://antiprobs.com/
I am a Bangladeshi too and missing this opportunity of trading bitcoin in Bangladesh.
I write blogs regularly on crypto. Feel free to visit my blog. https://antiprobs.com/
Maybe you could buy bitcoin from people on the forum in the Marketplace. Paypal purchases would be untraceable to bitcoin.
Most of users from Bangladesh, are using P2P marketplace to do deal with bitcoin or other crypto-currencies. But paypa is not supported in our country , as a result, we can't deal with paypal though some users to buy USA verified paypal accounts to continue their dealings. But those accounts are banned/restricted after a certain numbers of transections. ~
your information is wrong. bitcoin is only illegal in Bangladesh.
It is so bad for bitcoin users who live in Bangladesh, they may be jailed for up to 12 years. But if they keep it secret then I think it will not gonna be a problem. The regulation may be change in the future but it will be a huge loss if they don't start to invest now. I personally think that the regulation is too rigid, Bangladesh government should consider bitcoin as money so they only punish people who did crime instead of punish people who only choose bitcoin as their investment. I think as long as people don't do crime using bitcoin, government should not have any right to punish them. But once again it will be safe for people in Bangladesh to obey the government rule, then show their government that bitcoin is just a currency and not a crime.
They are absolutely be going to jail if they will tell other people that they are holding Bitcoin. Besides, many countries are on the same situation, banning crypto for no valid reason as they concerned about frauds but if you will never comit such a thing, there is no way you got caught by the authorities. It for sure, anyone will doing frauds will face the consequences. Their leaders will never see the potentiality of Bitcoin if they have been dectitated by the Banking groups. That I was suspecting why Bangladesh have been banning crypto instead of giving an opporunity to their people.
Bangladesh regulations have always instigated and tried to combat bitcoin users on the grounds of laundering. In fact, if viewed from the context of economic growth, this will be a solution for Bangladesh to get out of the crisis session that has been troubling them. The central bank there really doesn't like bitoin, while most of the country's citizens, however, remain secretly against the rules. remember they are smarter at doing it in secret. This doesn't mean that we are here to support crime, but we are trying to urge the central bank in Bangladesh to make room for bitcoin to be touched legally.
Bitcoin is not recognized in Bangladesh, in a word, it is banned. The Central Bank of Bangladesh Bangladesh Bank has not legalized the use of this currency in the country. The central bank said the transaction could violate anti-money laundering and anti-terrorism financing laws.
Bangladesh Bank also issued a notification in December 2016 warning the people of the country about bitcoin. It said that bitcoin is being traded in the country using various websites and social media, which is not approved by any regulatory body. The use of these virtual currencies is not supported by the Foreign Exchange Control Act 1948, the Anti-Terrorism Act 2009 and the Prevention of Money Laundering Act 2012. As a result, there is a risk of financial loss to the people.
Bangladesh Bank also issued a notification in December 2016 warning the people of the country about bitcoin. It said that bitcoin is being traded in the country using various websites and social media, which is not approved by any regulatory body. The use of these virtual currencies is not supported by the Foreign Exchange Control Act 1948, the Anti-Terrorism Act 2009 and the Prevention of Money Laundering Act 2012. As a result, there is a risk of financial loss to the people.
It would be a pity if that happened because in fact this could provide an opportunity for its citizens to get additional benefits if only allowed. of the many jobs this can also include additional work. thus giving citizens the opportunity to be able to seek additional income from bitcoin.
but we also as good citizens must not respond to these prohibitions in a way that is against the law. although the possibility can be done but it is not the best way that can be done. because as good citizens we must support what the government has set. it is possible that the government has its own reasons for the ban and may not have been informed.
the most frequent is money laundering which is easiest to do from money resulting from corruption or even the sale of drugs and turned into Bitcoin. It will make the government of course difficult and do not want to take that hassle to prevent it. in fact, regulations could be made to prevent this, but it is difficult to describe the will of the government.
They can’t confiscate what they don’t know about (Hint Hint). VPN’s, Tor etc are available. Maybe you could buy bitcoin from people on the forum in the Marketplace. Paypal purchases would be untraceable to bitcoin.
This is why bitcoin is impossible to stop, they may declare bitcoin illegal and that is their right, but it is a completely different thing to actually try to enforce those laws, how are they going to stop people from using a decentralized network? In the case of centralized networks like Facebook and other social media websites they can easily ban you from using social media as we have seen many times in the past already but in bitcoin they do not have this power which means that as long as someone that lives in a country where bitcoin is banned remains quiet about it and does not do anything with his coins the chances that he is ever caught are very small. 
A total of 5 countries, including our country, do not support Bitcoin.
1.Bangladesh.
2.Iran.
3.Nepal
4.Denmark
5.Ecuador
1.Bangladesh.
2.Iran.
3.Nepal
4.Denmark
5.Ecuador
your information is wrong. bitcoin is only illegal in Bangladesh.
Bitcoin is legal in Iran as long as it is used as a currency or if it is mined. in fact Iran has been growing its hashrate with more mining farms coming out.
Cantral bank of Nepal has banned the bank users from using bitcoin but you can still buy bitcoin legally, Coinbase also operates in Nepal.
Bitcoin is not regulated in Denmark but it is legal as long as it is used as an asset or traded on exchanges.
Ecuador government seems to have banned bitcoin according to "news" but there are a lot of bitcoin ATMs and some exchanges including Coinbase in this country which contradicts this news which may be an indication that the news was a lie which is a normal thing in FUD filled bitcoin media.
There is no doubt that many countries are yet to accept Bitcoin and other cryptocurrencies, or some are not just ready for it and as such setting strict standards to restrict citizens from having anything to do with it, but they failed to understand that in as much as the internet is still here, there is no way to totally stop or restrict people from buying Bitcoin and other cryptocurrencies in Bangladesh. I believe, there are ways to go around it in such a way that you will be safe and I believe they will have a community in this forum, therefore it would be better to visit and hear from others and also learn the way to buy and even sell to fiat if possible. Bitcoin has grown to a stage where it would be difficult to be ignored, sooner than later many countries will have no option than to accommodate it.
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That’s not going ti be changed unless we stand together. I mean we have to take some steps like postering etc. so that authority can realize people are interested to accept the technology.
I had some talkings with my lecturer regarding this. Sadly, even he has bad impacts on bitcoin for some unknown reason, he never shared. As long as people have that bad perspective, govt isn’t going to change their law.
I had some talkings with my lecturer regarding this. Sadly, even he has bad impacts on bitcoin for some unknown reason, he never shared. As long as people have that bad perspective, govt isn’t going to change their law.
Maybe you could buy bitcoin from people on the forum in the Marketplace. Paypal purchases would be untraceable to bitcoin.
I buy and sell BTC and some other altcoins. 
But once again it will be safe for people in Bangladesh to obey the government rule, then show their government that bitcoin is just a currency and not a crime.
You're contradicting yourself.How they can show Bitcoin is not only for a crime (which mean they already have Bitcoin) while they obey the rules of their country? If they show it they will get jailed just like you said above.
The only one thing government can change the regulation are from them only, when they find out on their own if Bitcoin can be considered as money since it can pay many thing with Bitcoin. They might already know it but since it's volatile, high risk and can't be controlled... they ban it.
That's nothing new. Many countries do not recognise btc as legal tender and we should not have any problem with that as long as they do not ban it's storage, trading and mining.
Most of countries banning Bitcoin because of trading and storage (holding), but not sure about mining."anybody caught using the virtual currency could be jailed under the country's strict anti-money laundering laws".
Bitcoin is not recognized in Bangladesh, in a word, it is banned. The Central Bank of Bangladesh Bangladesh Bank has not legalized the use of this currency in the country. The central bank said the transaction could violate anti-money laundering and anti-terrorism financing laws.
Bangladesh Bank also issued a notification in December 2016 warning the people of the country about bitcoin. It said that bitcoin is being traded in the country using various websites and social media, which is not approved by any regulatory body. The use of these virtual currencies is not supported by the Foreign Exchange Control Act 1948, the Anti-Terrorism Act 2009 and the Prevention of Money Laundering Act 2012. As a result, there is a risk of financial loss to the people.
That's nothing new. Many countries do not recognise btc as legal tender and we should not have any problem with that as long as they do not ban it's storage, trading and mining. Bangladesh Bank also issued a notification in December 2016 warning the people of the country about bitcoin. It said that bitcoin is being traded in the country using various websites and social media, which is not approved by any regulatory body. The use of these virtual currencies is not supported by the Foreign Exchange Control Act 1948, the Anti-Terrorism Act 2009 and the Prevention of Money Laundering Act 2012. As a result, there is a risk of financial loss to the people.
Btc can be used as store of value like gold.
It is so bad for bitcoin users who live in Bangladesh, they may be jailed for up to 12 years. But if they keep it secret then I think it will not gonna be a problem. The regulation may be change in the future but it will be a huge loss if they don't start to invest now. I personally think that the regulation is too rigid, Bangladesh government should consider bitcoin as money so they only punish people who did crime instead of punish people who only choose bitcoin as their investment. I think as long as people don't do crime using bitcoin, government should not have any right to punish them. But once again it will be safe for people in Bangladesh to obey the government rule, then show their government that bitcoin is just a currency and not a crime.
They can’t confiscate what they don’t know about (Hint Hint). VPN’s, Tor etc are available. Maybe you could buy bitcoin from people on the forum in the Marketplace. Paypal purchases would be untraceable to bitcoin.
I don't know but this is pretty illegal (wink wink) but if you have the computer prowess to do the hiding then you might be able to pull it off, it's not like they will be able to enforce that ban that much, in my country the regulations lose its edge around 3 to 7 months after becoming a regulation and after that, it is either a norm or it is forgotten. Purchasing bitcoin in person will be difficult because it might be an entrapment operation by authorities.
As long as Bitcoin can be converted into U.S. dollars, it will always have the possibility of bribery or money laundering and drug trafficking. Even if a country declares it illegal, as long as it can be exchanged for U.S. dollars through exchanges, it will still be valuable.
But Binance supports Bangladeshi trades for peer to peer trading.
https://www.binance.com/en/support/announcement/14cbf4930c544dac96161f166ac8eecd
https://www.binance.com/en/support/announcement/14cbf4930c544dac96161f166ac8eecd
Bitcoin will be legal in our country but it will take time. When the Bangladesh government realizes that Bitcoin is the currency of the future. Then our country will lag behind other countries like 5 years. A total of 5 countries, including our country, do not support Bitcoin.
It is just a matter of time until your government gives a green signal for you guys. 
They can’t confiscate what they don’t know about (Hint Hint). VPN’s, Tor etc are available. Maybe you could buy bitcoin from people on the forum in the Marketplace. Paypal purchases would be untraceable to bitcoin.
Currently we have very strong Bangladeshi community here on this forum and in crypto community even government is not accepting this all but they are doing some good work I personally in touch with few friends from there we are exchanging crypto and bitcoin without any problem but some fear is still around due to poor system and government's hard policy against crypto.so right now, it is more on p2p how you can convert your crypto to your fiat?
but when i did a quick search and found about 8 exchanges that you can use when you are staying in bangladesh. so this means, this is not true? are there no crypto exchanges that you can use to convert your btc to fiat?
https://www.bitrawr.com/bangladesh
Such a situation has not yet arisen in Bangladesh to legalize bitcoin. But I hope Bitcoin will be legalized in Bangladesh very soon and banks will be interested in accepting it. Bitcoin is bought and sold in the local market even though it is not legalized.
Bitcoin will be legal in our country but it will take time. When the Bangladesh government realizes that Bitcoin is the currency of the future. Then our country will lag behind other countries like 5 years. A total of 5 countries, including our country, do not support Bitcoin.
1.
Bangladesh.
2.
Iran.
3.
Nepal
4.
Denmark
5.
Ecuador
Bangladesh Bitcoin is illegal. But the use of Bitcoin is increasing day by day.
Such a situation has not yet arisen in Bangladesh to legalize bitcoin. But I hope Bitcoin will be legalized in Bangladesh very soon and banks will be interested in accepting it. Bitcoin is bought and sold in the local market even though it is not legalized.
It is right to be bought and sold in the local market. But the way the police are dealing with this, it seems we are going through a very difficult time. And I think it's very scary for us.
Such a situation has not yet arisen in Bangladesh to legalize bitcoin. But I hope Bitcoin will be legalized in Bangladesh very soon and banks will be interested in accepting it. Bitcoin is bought and sold in the local market even though it is not legalized.
In my opinion, the regulations made by the central bank of Bangladesh are very strange. The people will be jailed if they transact using bitcoin. However, the legal basis for this is using the anti-money laundering law.
Even though using bitcoin is not necessarily money laundering.
I do not know why the Bangladesh government has made such a law. Really very strange. I think this is happening because high-ranking officials in Bangladesh do not have knowledge about bitcoin. If they had an idea, they would have amended this law and legalized bitcoin. Even though using bitcoin is not necessarily money laundering.
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