Topic: Cryptocurrency invalid in Bangladesh (Read 154 times)

It is a misleading and confusing term. Rather than using Invalid, you can use Illegal. Cryptocurrency is illegal in many nations. Fortunately, it is just for now and it will be changed fastly with the growth of blockchain technology and its invasion into human civilization.

The Dotcom bubble in 1990s can be a good thing to learn from. After the bubble, about 10 years later, in 2000s Internet began to massively invaded into our lives and since 2010s, it impressively changed the world. It means 20 years at least to change the world.

How about blockchain technology? I think next 10 years or 12 years, we will have a very different world, with massively revolution from blockchain technology. It will be something partially related to bitcoin halving scheduled years but not strongly correlated like that. After the latest halving (in May) Bitcon's jumped into its deflation phase.

A bit over the top, don’t you think? I mean how exactly does crypto end with unemployment ? If you’re considering bounties, they have a very limited scope. If you are considering trading, then remember that one man’s gain is another man’s loss. Above all, cryptocurrency has a certain degree of complexity and technicality that is not under everyone’s command. There’s just no way the statement can be anywhere near to it being true.

Incidentally, Bangladesh is not the sole country where cryptocurrency is banned. Check the status here: https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory. Countries such as Nepal, Pakistan, Bolivia, Ecuador are on the list of countries where it is illegal, although we need to read the fine print for each case. Strangely enough, Bangladesh figures as Legal, but with a Banking Ban. It may not be up-to-date, but it is in any case an implicit ban (term used here: https://www.loc.gov/law/help/cryptocurrency/world-survey.php#skip_menu, which is another site where we can obtain information on the status per country).

The problem with South Asian countries is that they are always reluctant to new technologies and their government wants to control everything happening in their country. Banning cryptocurrency makes no sense, if you have internet you will have people trading and storing cryptocurrencies.

The government of these countries do not have the infrastructure neither have the technology to control it and that is the reason they tend to ban it.

Cryptocurrency Invalid in Bangladesh. I don't know if it will ever be valid. What is the reason for such a situation in Bangladesh can not be said. However, if cryptocurrency is legalized in Bangladesh one day, then there will be no more unemployment in Bangladesh. Then everyone will pay attention to this work. Everyone will be aware of cryptocurrency. And at some point every person will do this. Because many people are currently under house arrest in this KORONA-VIROUS. But some people do not have the courage to do this because cryptocurrency is illegal in Bangladesh. So it would have been better if the government of Bangladesh had allowed it. So what is the problem if they do Cryptocurrency on this line ?? There is no harm to the government here. Then why Cryptocurrency is not legal for Bangladesh. The government should do this for ordinary unemployed people. Because no one is taking money from anyone's pocket. So what is it to be illegal? There is. What is the problem with the way people continue to work? My hope is that ATM BOOTH will be made for Bitcoin in Bangladesh. It will benefit the common man. And there will be no more unemployment in the country. And people will not be afraid to do cryptocurrency. Cryptocurrency is legal in most countries of the world, only in Bangladesh it is illegal. So let the government of Bangladesh legalize it. In this, the people will get more and more improvement and Bangladesh will also get better and better. I have said many things. If there is any kind of mistake in my words, you will look at me with a forgiving look. All the best, thank you ...