Topic: Is Bangladesh going to accept Cryptocurrency??? - page 5. (Read 1105 times)
Bitcoin is banned because the decentralized government cannot control it and the central banks do not support it india initially had guidelines for the use of bitcoin later india started using bitcoin if bangladesh adopts cryptocurrency like other countries in the world then the use of bitcoin will help bangladesh a lot bitcoin transactions will become much easier and will not take long to go digital. Bitcoin has not been introduced in bangladesh bank is working on it then it will accept all the coins for the exchange and will be bright in the future.
India accepted Bitcoin, why not Bangladesh, right?
They are being strict when it comes to Bitcoin but they should set it all down and think about it. I don't see their reason for prohibiting it there as it might be a source of income for some people. Though we may say things here, it will all end up in their hands either to continue on prohibiting Bitcoin or accept it, hope they chose the latter.
They are being strict when it comes to Bitcoin but they should set it all down and think about it. I don't see their reason for prohibiting it there as it might be a source of income for some people. Though we may say things here, it will all end up in their hands either to continue on prohibiting Bitcoin or accept it, hope they chose the latter.
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This is wonderful news for cryptocurrency traders and enthusiast that reside in Bangladesh because those that still invest in cryptocurrency during the ban moment have to go through some data protection and anonymous process but with the government of Bangladesh lifting up the ban and I hope they wont follow the step others.
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Is Bangladesh going to accept Cryptocurrency???
That's an interesting question.
Some islamic denominations embrace an ideology where usury and high interest rates are considered to be against their religion. Bitcoin charging lower rates and fees than many banks could make it more appealing to ideology of islamic finance. Its a closer parallel to their religious ideology on banking and finance.
Governments might ban bitcoin initially. But there could be pressure against them from islamic finance and the islamic faith to do the opposite.
If those huge exchanges are adding Bangladeshi taka to their platforms, we're sure that they know that the Bangladesh government had banned bitcoin.
But if they've just done that while crypto is banned, there must be something that we don't know. It's just a matter of time until we'll see and read an official statement from the government allowing crypto transactions again and lifting the ban.
But if they've just done that while crypto is banned, there must be something that we don't know. It's just a matter of time until we'll see and read an official statement from the government allowing crypto transactions again and lifting the ban.
If their government is that committed to stopping people from using cryptocurrency rather than just have them allow it to be usable, then that most likely means they want this fight and would be willing to incarcerate every people in Bangladesh if it may to ensure that bitcoin finds no success there. Hopwfully this changes in the future but if not, more and more people will just use it and will get jailed later on.
They already see the potential of using crypto currency as alternative in their own currency.Base on what given link above they are considering acceptance of crypto currency in this countries I mean they more open for crypto currency unlike before, even exchange already add that option to deposit in them using their currency by a P2P in binance or kucoin.
If their government is that committed to stopping people from using cryptocurrency rather than just have them allow it to be usable, then that most likely means they want this fight and would be willing to incarcerate every people in Bangladesh if it may to ensure that bitcoin finds no success there. Hopwfully this changes in the future but if not, more and more people will just use it and will get jailed later on.
They already see the potential of using crypto currency as alternative in their own currency.Base on what given link above they are considering acceptance of crypto currency in this countries I mean they more open for crypto currency unlike before, even exchange already add that option to deposit in them using their currency by a P2P in binance or kucoin.
Bangladesh has been found to be against the cryptocurrency usage for years. Quite often the policemen of the country used to arrest people for making transactions in bitcoin or for some activities connected with bitcoin. However people continue to use it neglecting the government. This means people are in much need of it, and the government should understand it. In the short or long it won't easily end up accepting cryptocurrency.
Making money using cryptocurrency or bitcoin is not a wrong thing or an illegal way to make money then not only Bangladesh but all countries government or law enforcement should legalize cryptocurrency now this bitcoin or cryptocurrency has become popular in all countries because honestly It's a good way to make money at home, but I hope the Bangladesh government will soon realize how popular cryptocurrency or bitcoin is with the Bangladeshi people and understand that the Bangladesh government will declare this cryptocurrency legal. 
Hard to visualize at this moment. It is not a hidden thing that Bangladesh has corrupted government officials and also, cryptocurrencies are banned in this country which makes sense in a way that cryptocurrencies are mostly decentralized giving a government no power at all to impose taxation. Thus, this won't benefit the government on not being able to "milk" their people on every transaction (silly!). But I am not saying there's no chance at all but rather, I vew this as a reason to why this technology is not yet accepted in this area. Maybe things will be adopted once officials are back to their "duties".
If their government is that committed to stopping people from using cryptocurrency rather than just have them allow it to be usable, then that most likely means they want this fight and would be willing to incarcerate every people in Bangladesh if it may to ensure that bitcoin finds no success there. Hopwfully this changes in the future but if not, more and more people will just use it and will get jailed later on.
Bangladesh has been found to be against the cryptocurrency usage for years. Quite often the policemen of the country used to arrest people for making transactions in bitcoin or for some activities connected with bitcoin. However people continue to use it neglecting the government. This means people are in much need of it, and the government should understand it. In the short or long it won't easily end up accepting cryptocurrency.
The news appears to me that the Bangladesh government will soon allow cryptocurrencies in the country, for now, it could be like P2P but I am still positive that gradually they will still allow it for they still need to cope up and at least be even with their neighboring countries on technology and digitalization.
However, what could be greater news here is that whether the government would allow cryptocurrencies in the country or not still more Bangladeshis are getting aware of bitcoins and starting to invest which could somehow lead to global adoption of bitcoin.
However, what could be greater news here is that whether the government would allow cryptocurrencies in the country or not still more Bangladeshis are getting aware of bitcoins and starting to invest which could somehow lead to global adoption of bitcoin.
I'm still not sure about the Bangladeshi regulations that will support P2P exchanges. apart from strictly prohibiting crypto this country is very minimal with its economy. I don't understand what the country really wants. Isn't it that letting people invest in bitcoin will reduce the burden on the country's economy, and at the same time state revenues to build a higher economy will begin to be resolved.
The big changes happened with some exchanges. A few days back, Kucoin announced to accept Bangladeshi taka via the P2P system by local merchants. Now I have noticed that Binance is also accepting and looking for a local P2P merchant who has a stable source of cryptocurrency and BDT. So it is good news for them that maybe their government will accept cryptocurrency. Maybe we will get a chance soon.
If big exchanges like Kucoin and Binance allows people from Bangladesh to trade using P2P then the government cannot do anything to disrupt that. The government cannot follow the trail until you are dealing with huge amounts and you just need to learn the drill on how to counter that. If i am trading from a country that puts me in trouble for dealing in cryptocurrency, i will create a profile of a freelancer and address all the transaction as the work i undertook.
Bangladesh Govt. consider involvements in bitcoin and other cryptocurrencies as illegal according to their ancient Act. However, Nothing stop you to use cryptocurrencies, you can buy bitcoin, make p2p transfer etc. This could be revolutionary movement if Bangladesh going to acknowledge Cryptocurrency. Indeed, this acceptance give more boost to make real Digital Bangladesh.
Enough is Enough, there still some positive news out there, let's spread it....
Digital Bangladesh Needs Digital Currency
Enough is Enough, there still some positive news out there, let's spread it....
Digital Bangladesh Needs Digital Currency
All you described here is the start of positive changes, but it's too early to draw any conclusion. It is not clear the future of Cryptocurrency in Bangladesh but we can only predict. Hence, the popularity of Bitcoin and other Cryptocurrency now most of the country in font of Crypto adaption. So, using Blockchain technology money transaction is now secure, anonymous, valid able, emutable fast and low fees featured.
Even though when the country of Bangladesh still prohibits its citizens from investing in crypto, there are always many ways and ways they do to access various exchanges, almost all of them carry out various scams under the guise of exchanges, one of which I have heard is a local exchange called Kryptomo. com. I'm trying to identify and pretend to be a member, and the points I'm getting at the moment are, the graph is unstable and doesn't show any genuine movements, the chat room is
not working, only three cryptos available, bitcoin, Ethereum and KRT (kryptomo) ,, for which they store Airdrops on several telegram groups. I got information from my friend who is also a member there. he gets crypto from Airdrop and tries to make a sale from KRT / Eth. after that he wanted to cash out the result, but failed, because he had to make a deposit first before making a withdrawal. even though the stock exchange already has a balance.
not working, only three cryptos available, bitcoin, Ethereum and KRT (kryptomo) ,, for which they store Airdrops on several telegram groups. I got information from my friend who is also a member there. he gets crypto from Airdrop and tries to make a sale from KRT / Eth. after that he wanted to cash out the result, but failed, because he had to make a deposit first before making a withdrawal. even though the stock exchange already has a balance.
Allowing the expansion of financial services is different from accepting Cryptocurrency. Because in the US, Bitcoin hasn't really legalized yet and only allows major financial institutions to hold Bitcoin, in addition, there will be no purpose of transaction or use it as a payment method.
Paypal has also opened a similar service, but it is also limited by some US government laws. Maybe this is good news for traders in Bangladesh, but the adoption of Crypto will be in the distant future.
Paypal has also opened a similar service, but it is also limited by some US government laws. Maybe this is good news for traders in Bangladesh, but the adoption of Crypto will be in the distant future.
I think the central bank of Bangladesh has already prohibited the usage of cryptocurrencies in the country few years back. I recollect there they have also made some arrests at that time for using cryptocurrency. I may be wrong as well.
The problems of Bangladesh and India are same - high corruption! The government officials and politicians will never want cryptos to be legalized in their country because it will make the common people powerful. But since Bangladesh has become the fastest growing economy in Asia, the finance minist6make take some positive steps as well.
The problems of Bangladesh and India are same - high corruption! The government officials and politicians will never want cryptos to be legalized in their country because it will make the common people powerful. But since Bangladesh has become the fastest growing economy in Asia, the finance minist6make take some positive steps as well.
Cryptocurrency is very strictly prohibited in the six countries of the world so far and Bangladesh is one of them. So the news of P2P transactions allowing by big exchanges is really good news for Bangladeshi people. Only this factor can not change the system there. But it can push the cryptocurrency transaction and perhaps it can increase the crypto involvement.
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