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Topic: First Time in Bangladesh (Read 651 times)

sr. member
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November 18, 2019, 06:00:11 AM
#66
Locking this thread.Received so many comment. If I not lock this thread maybe some sig spammer will bump this thread.thank you guys Smiley     
This is the reasons why government are still in doubt on accepting bitcoin and make it legal, they can’t control it and it will be hard to monitor your transactions. Many countries are now accepting bitcoin and support blockchain, but most of the developing country are still not doing any action to secure at least a good technology. One day, Bangladesh will support bitcoin, and I’m confident it will happen.
They can't control and monitor btc trx but they can't avoid bitcoin.because bitcoin is the digital currency and people using it,many countries trying to develop the system. I hope so that bitcoin will be legal in Bangladesh.             
sr. member
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November 09, 2019, 11:30:02 AM
#65
not just in your country like that, in my country and in other countries there may also be. because bitcoin and the government are difficult to find harmony, and I think it is difficult to make bitcoin legal under current conditions, which is where bitcoin is used for many criminal transactions ......
This is the reasons why government are still in doubt on accepting bitcoin and make it legal, they can’t control it and it will be hard to monitor your transactions. Many countries are now accepting bitcoin and support blockchain, but most of the developing country are still not doing any action to secure at least a good technology. One day, Bangladesh will support bitcoin, and I’m confident it will happen.
sr. member
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November 09, 2019, 11:22:54 AM
#64
not just in your country like that, in my country and in other countries there may also be. because bitcoin and the government are difficult to find harmony, and I think it is difficult to make bitcoin legal under current conditions, which is where bitcoin is used for many criminal transactions ......

basically bitcoin and other cryptocurrencies just need to be transparent in their transactions especially in building relationships with the government. In our country, bitcoin and other crypto are legal, the reason is that we are responsibly utilizing bitcoin and other cryptocurrencies to make efficient transactions. We openly discuss the advantages and disadvantages of it so we can work things out with the government. Most of the time, what we just need is to become a good member of the community, obey rules and regulations that the government is promoting, so in the latter time, if we want to propose a technology, they will surely put their time and trust to it.

Actually, Bitcoin has been transparent, here in our country, the adoption is getting brighter and brighter, we even have here government official who is going to launch his own coin, it means, our government are seeing the potential of crypto here in our country. Let us be patient if our country is not yet ready to adopt this changes, let's give them time to do their part to make study about it as this is their obligation to protect their citizens and how they are going to regulate it. Be patient and it will be worth it, just like we have right now.

Yes there are various aspects which a country would think before accepting or adopting bitcoin due to their own internal security and policies wherein we cannot rush or blame them. One thing which we have noticed this year is that more countries have shown interest in crypto this year and again I don't think all of them will for for crypto rather they will have their own centralized digital currency.
sr. member
Activity: 714
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November 09, 2019, 10:41:49 AM
#63
not just in your country like that, in my country and in other countries there may also be. because bitcoin and the government are difficult to find harmony, and I think it is difficult to make bitcoin legal under current conditions, which is where bitcoin is used for many criminal transactions ......

basically bitcoin and other cryptocurrencies just need to be transparent in their transactions especially in building relationships with the government. In our country, bitcoin and other crypto are legal, the reason is that we are responsibly utilizing bitcoin and other cryptocurrencies to make efficient transactions. We openly discuss the advantages and disadvantages of it so we can work things out with the government. Most of the time, what we just need is to become a good member of the community, obey rules and regulations that the government is promoting, so in the latter time, if we want to propose a technology, they will surely put their time and trust to it.

Actually, Bitcoin has been transparent, here in our country, the adoption is getting brighter and brighter, we even have here government official who is going to launch his own coin, it means, our government are seeing the potential of crypto here in our country. Let us be patient if our country is not yet ready to adopt this changes, let's give them time to do their part to make study about it as this is their obligation to protect their citizens and how they are going to regulate it. Be patient and it will be worth it, just like we have right now.
sr. member
Activity: 1274
Merit: 278
November 08, 2019, 07:38:32 PM
#62
not just in your country like that, in my country and in other countries there may also be. because bitcoin and the government are difficult to find harmony, and I think it is difficult to make bitcoin legal under current conditions, which is where bitcoin is used for many criminal transactions ......

basically bitcoin and other cryptocurrencies just need to be transparent in their transactions especially in building relationships with the government. In our country, bitcoin and other crypto are legal, the reason is that we are responsibly utilizing bitcoin and other cryptocurrencies to make efficient transactions. We openly discuss the advantages and disadvantages of it so we can work things out with the government. Most of the time, what we just need is to become a good member of the community, obey rules and regulations that the government is promoting, so in the latter time, if we want to propose a technology, they will surely put their time and trust to it.
full member
Activity: 756
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November 08, 2019, 05:10:37 PM
#61
not just in your country like that, in my country and in other countries there may also be. because bitcoin and the government are difficult to find harmony, and I think it is difficult to make bitcoin legal under current conditions, which is where bitcoin is used for many criminal transactions ......
jr. member
Activity: 63
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November 08, 2019, 02:08:01 PM
#60
I just saw a news that yesterday  Brac Bank Talking  about blockchain technology and they also working to legal blockchain technology.Maybe this is the first time any Bank in Bangladesh talking about blockchain.Though few months ago Bangladeshi PM told that blockchain technology will be legal soon.Now just waiting for confirmation that bitcoin (blockchain) is accepted.Because we faced many problem to use btc,even few people arrested.also in 2018 one people scammed me 4-5.5K$ worth of crypto currency.who live in Bangladesh. Even he scammed maybe more than 300k$ from 20-30 peoples.Though i have all kind of proof but i didn’t take any steps because crypto is illegal.I didn't take any steps.because police can arrest me for using bitcoin.

News source:  https://www.thedailystar.net/business/news/pri-brac-bank-workshop-focuses-blockchain-sme-1819279?amp

BTC is an open secret in Bangladesh. people are trading,buy-selling openly in Bangladesh. Many sellers used crypto to their main payment method. Our Pm told that crypto will be legal soon. But don't forget we live in a country called Bangladesh. Anything can happen in this country. After PM announced it will take minimum 5 years to legal BTC.
And cyber police caught many crypto users this new is rubbish. The real news is cyber police arrested only scammers after complaining about scams.
But we always pray that Bangladesh will announce legalcy of BTC soon.
sr. member
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November 03, 2019, 12:16:34 PM
#59
This ia nothing beneficial to the bitcoin. Using blockchain technology has nothing to do with bitcoin. Blockchain is just a technology. Many banks or others will use it sooner or later but legalism of bitcoin is something else. I don't know much about the cryptocurrency laws on bitcoin, but in general, it seems suncontinental people are having worse time with bitcoin.
Exactly. I was going to ask if he's referring to use of the technology (Blockchain) or the use of crypto (Bitcoin). Banks will definitely adopt this technology. Some are currently working on their blockchain. Eventually one way or the other they will definitely adopt the use of bitcoin and other cryptocurrency.
In this article they talked about cryptography. Maybe there is high possibility to accept bitcoin. If you read this article you will find it.hope bitcoin will be accepted soon and maybe they are going to create own currency.     
newbie
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October 31, 2019, 02:15:12 PM
#58
This ia nothing beneficial to the bitcoin. Using blockchain technology has nothing to do with bitcoin. Blockchain is just a technology. Many banks or others will use it sooner or later but legalism of bitcoin is something else. I don't know much about the cryptocurrency laws on bitcoin, but in general, it seems suncontinental people are having worse time with bitcoin.
Exactly. I was going to ask if he's referring to use of the technology (Blockchain) or the use of crypto (Bitcoin). Banks will definitely adopt this technology. Some are currently working on their blockchain. Eventually one way or the other they will definitely adopt the use of bitcoin and other cryptocurrency.
legendary
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October 30, 2019, 12:23:54 PM
#57
I just saw a news that yesterday  Brac Bank Talking  about blockchain technology and they also working to legal blockchain technology.Maybe this is the first time any Bank in Bangladesh talking about blockchain.Though few months ago Bangladeshi PM told that blockchain technology will be legal soon.Now just waiting for confirmation that bitcoin (blockchain) is accepted.Because we faced many problem to use btc,even few people arrested.also in 2018 one people scammed me 4-5.5K$ worth of crypto currency.who live in Bangladesh. Even he scammed maybe more than 300k$ from 20-30 peoples.Though i have all kind of proof but i didn’t take any steps because crypto is illegal.I didn't take any steps.because police can arrest me for using bitcoin.

News source:  https://www.thedailystar.net/business/news/pri-brac-bank-workshop-focuses-blockchain-sme-1819279?amp

Bangladesh cannot escape the domino effect on Bitcoin, big countries have eased up on Bitcoin, and they don't want to be the last one to do that, because of no country with the exception of North Korea, cannot ignore the technology behind Bitcoin.
they will have to accept that the world is now adopting Bitcoin, and it's safe to adopt because it is not against any nationality, religion or philosophy.
legendary
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October 30, 2019, 11:48:02 AM
#56
On the other hand, I heard few Ministers (of Bangladesh) are holding around 100BTC (per head). And, they are very bullish on BTC.

It is indeed awesome news for Bangladeshi crypto lovers. If ministers or other elite class/ important people wants BTC to be approved in BD, we can expect something very positive soon. However, Trading btc was considered as punishable offence in Bangladesh and yet people cant use btc fearlessly. On 2016, there was workshop in reputable institution and the speaker showed positive response toward blockchain and BTC.
full member
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October 30, 2019, 10:14:06 AM
#55
Blockchain =/= Bitcoin. Roll Eyes

If they stated they are going to make it legal then they even don't know what is that,there is no need of legality from government to use it. Tongue
Blockchain is the technology where coins like Ethereum and Bitcoin are able to be created, Bitcoin was the first coin based on this blockchain technology that got big, but it's disliked by governments due to it being hard to control since it's decentralized.

But, however, blockchain technology is loved between governments and a lot of them are starting to build blockchain based ecosystems where a lot of their services would be using this new tech.

They are still able to ban Bitcoin, and now allow useage of it, just people are able to circumvent this fairly easily.
AFAIK,there is complete ban on crypto usage in Bangladesh so OP mentioned the topic only related to blockchain technology for that there is no legality needed anyone can create their blockchain and use it for any purpose if they want.
sr. member
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October 29, 2019, 01:50:04 PM
#54
On the other hand, I heard few Ministers (of Bangladesh) are holding around 100BTC (per head). And, they are very bullish on BTC.

I'm not from Bangladesh but if this is true then you have something to cheer up, these ministers will find a way to legalize Bitcoin, they can lobby to make it legalize and regulated, this is one way to change any country's view about Bitcoin, vote people who are supporters and holders  of Bitcoin and educate these politicians about Bitcoin and the number of people believing in Bitcoin in one's country, if they see the number you can make a lobby, when it comes to politics, it's a number game. 
Ministers holding bitcoin and they are not talking about bitcoin. Even i saw a video there,they are Against bitcoin.Only few technology lover/blockchain users told that bitcoin should legal in Bangladesh.I don't what will they do in future. But hope they legal bitcoin.using bitcoin or other crypto currency is risky. You guys will laugh after hearing this. In this law they said that you can sell your $ (payoneer,skrill,nettler etc not crypto) from bank but you can't buy it from bank or any resellers.if you do and Govt catch you then they will write a case that you are involved in money laundering. Actually buying any kind of online dollar in our country Against law.but we need $ to hire freelancer or buy any products,services.           
hero member
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October 29, 2019, 12:46:01 PM
#53
I just saw a news that yesterday  Brac Bank Talking  about blockchain technology and they also working to legal blockchain technology.Maybe this is the first time any Bank in Bangladesh talking about blockchain.Though few months ago Bangladeshi PM told that blockchain technology will be legal soon.Now just waiting for confirmation that bitcoin (blockchain) is accepted.Because we faced many problem to use btc,even few people arrested.also in 2018 one people scammed me 4-5.5K$ worth of crypto currency.who live in Bangladesh. Even he scammed maybe more than 300k$ from 20-30 peoples.Though i have all kind of proof but i didn’t take any steps because crypto is illegal.I didn't take any steps.because police can arrest me for using bitcoin.

News source:  https://www.thedailystar.net/business/news/pri-brac-bank-workshop-focuses-blockchain-sme-1819279?amp
I think legalizing currency over blockchain and legalizing blockchain are two separate things altogether. Bangladesh is a growing nation which obviously doesn't wants money leakages in its Economy happening due to this technology. So which is why they might legalize blockchain because of it's advantages but I highly doubt that Bitcoin could be legal anytime soon.
sr. member
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October 29, 2019, 12:45:03 PM
#52
For countries such as Bangladesh, the cryptocurrency may be the salvation.
You don't know anything yet since they were just talking about the blockchain technology and concept of accepting/legalising Bitcoin in their country. We don't know yet if they are willing to accept cryptocurrency to make a change but if they do, then that's a good news. Not every country would do the same just like what they did, although this is just my opinion but I might be true.
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October 29, 2019, 12:34:30 PM
#51
On the other hand, I heard few Ministers (of Bangladesh) are holding around 100BTC (per head). And, they are very bullish on BTC.

I'm not from Bangladesh but if this is true then you have something to cheer up, these ministers will find a way to legalize Bitcoin, they can lobby to make it legalize and regulated, this is one way to change any country's view about Bitcoin, vote people who are supporters and holders  of Bitcoin and educate these politicians about Bitcoin and the number of people believing in Bitcoin in one's country, if they see the number you can make a lobby, when it comes to politics, it's a number game. 
full member
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October 29, 2019, 12:27:38 PM
#50
snip..
I think this is the effect of the statement the president of China yesterday.

This ia nothing beneficial to the bitcoin. Using blockchain technology has nothing to do with bitcoin. Blockchain is just a technology. Many banks or others will use it sooner or later but legalism of bitcoin is something else. I don't know much about the cryptocurrency laws on bitcoin, but in general, it seems suncontinental people are having worse time with bitcoin.
right..  Blockchain technology is not only related to cryptocurrencies (Bitcoin, Ethereum, Litecoin, and others).  currently, the range of blockchain technology is very broad.  You can see a little explanation HERE
sr. member
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October 29, 2019, 10:35:27 AM
#49
Bangladesh will NEVER legalize Bitcoin or any other cryptocurrency! MARK.MY.WORD.
(if you're smart enough you'll understand why. hint: paypal)
Yes, I can understand what you meant. But bitcoin is decentralised and paypal is centralised. Paypal had many agreement that Bangladesh couldn't fulfil properly .To accept bitcoin there is no agreement. If government want then they can legal bitcoin anytime.         
sr. member
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October 29, 2019, 10:23:18 AM
#48
Blockchain technology is wide enough to be used in different sectors not only bitcoin. Yes they are related but blockchain does not mean bitcoin or crypto. Let's expect for more governments in the future to realize blockchain but not bitcoin. Most government are in denial or don't agree with cryptocurrency so it's hard to expect from them good comments about crypto.
Goodluck on how they'll decide on crypto. But I'm glad that my country ain't that strict with crypto
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October 29, 2019, 09:40:34 AM
#47
This ia nothing beneficial to the bitcoin. Using blockchain technology has nothing to do with bitcoin. Blockchain is just a technology. Many banks or others will use it sooner or later but legalism of bitcoin is something else. I don't know much about the cryptocurrency laws on bitcoin, but in general, it seems suncontinental people are having worse time with bitcoin.
Yup, because same is the case with India. India is not accepting bitcoin or any crypto as a legal tender but is using the blockchain technology.
I do agree to some extent that using the blockchain tech does not necessarily mean that they will be accepting crypto but it does paves a way for them towards using cryptocurrencies because there were rumours that India government will be launching it's own coin for payments. Though I don't believe this is true, but I believe that using blockchain tech paves a way towards cryptocurrencies.
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