Topic: Bitcoin in Bangladesh! - page 3. (Read 469 times)
Even though I don't endorse going against the laws of your country but Bitcoin buying and selling in Bangladesh is not restricted any specific act or provision in any other act. Moreover despite the ban I have not seen a lot of cases of cognizance being taken against the offenders who are involved in bitcoin buying and selling. It's true that a lot of terrorism funding can and does happens in bitcoin but it's just a shortcoming of emerging technology. Army Robots can replace humans in the battle field but they come with their own risks it's up to us to see whether the benefits outweigh the demerits of the technology. Even India is going to go on the footsteps of Bangladesh and China and might ban cryptocurrencies.
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.
The current situation is really worrying for Bangladeshis. The Bangladesh government is in a tough position on bitcoin. Police are even detaining many in many places. It is true that we are very scared for this. I think this is happening because of the government's lack of foresight.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.
the central banks of no country can ban anything, only the government can do that. and even though the central banks are part of the government but they still need the government to ban anything.
also Bangladesh banned bitcoin many years ago. if i am not mistaken they did it in very early years and nothing has changed over the years except the fact that people have learned how to buy bitcoin easily over the counter.
also Bangladesh banned bitcoin many years ago. if i am not mistaken they did it in very early years and nothing has changed over the years except the fact that people have learned how to buy bitcoin easily over the counter.
You can always find a way to buy bitcoin secretly. Maybe countries like Bangladesh is not ready for it maybe in the next few they might learn to love this technology, Bitcoin is definitely more transparent than traditional money. Financial world needs an upgrade, the race is on just imagine the advantage of going digital during this pandemic its a big help.
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.
If bitcoin is not recognized in bangladesh, i think this is a good spot or country to raise your bitcoin. They cannot confiscate your bitcoin if they dont that you have it. You can use different tools to not recognized by the government of bangladesh like vpn and other way of personality hider. You can also explain to other people of bangladesh how bitcoin is working so that if there is a lot of convinced people, the government itself will manage to allow the bitcoin to enter their country and you don't have to hide your identity anymore. It can also make the price of bitcoin higher since there will be having a lot of new investors that can make the demand higher. It is really better if the bitcoin community is bigger because the chance of earning is bigger too. 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.
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.
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.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.
Even though using bitcoin is not necessarily money laundering.
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. 
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.
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.
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