Is Bangladesh going to accept Cryptocurrency??? - page 6.

Swopon

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Gamdom

Quote from: Little Mouse on November 30, 2020, 04:19:53 AM

Can you show which journal from our country publish article on crypto? I would love to read.

The country is corrupted and influenced by the government officials in each and every sector you go. Here, all things are negative regarding Bitcoin and cryptocurrency. So it should be pushed first with some positive news and need to flourish those news as much as we can.

Here are some news which published by national and international media:
Digital Bangladesh Needs Digital Currency

Bangladesh Bank with $4 Billion in Assets Now Employs RippleNet

Bangladesh Remittance Corridor Using Ripples Blockchain Technology

Thanks for your interest. I believe that The Daily Star is the most influential newspaper of Bangladesh.

Fatemablabla

full member

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I'm Matured Now

Exchangers allowing p2p for BDT is a great news for users like us. But I don’t think government will allow is to use bitcoin soon. The main problem here is the corruption that our top people’s do. If bitcoin gets the positive sign they will transfer their corrupted money to bitcoin and transfer it out of the country. I think it’s a big reason why government still banned bitcoin here as we are no 1 on the corrupted country(maybe or no 2).

But yes the country is allowing blockchain technology and going towards it slowly. As Sparrow mentioned above that Ripple already partnered with Bankasia. Hope so many blockchain products will come to Bangladesh in near future.

fiulpro

hero member

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Bangladesh can make their decision based on what their neighbors are doing like India. The Indian government is going back and forth regarding the ban/no ban. Right now bangladesh cannot afford to take chances since their economy is already so bad but the influence can be a good deal if they see India, china , maldives there the cryptocurrencies have not yet been banned and is kind of a grey area for them.
So I do believe that in the upcoming years they will move towards allowing the cryptocurrencies , maybe not making it legal but at the same time not making it illegal , if you know what I mean. Therefore the government might just let it go.
Let's be positive and ask your government to make this change. If you are a citizen you do have every right to ask regarding what you want , get people around you who are maybe interested in bitcoins and then sign a petition, go to the consumer court. Even if the plea gets rejected you will have a small column in the paper or news if it's good enough then maybe it will start a revolution??
Never hurts trying!
Other than that if it's illegal , you can very easily ask your friends to trade it in real time for you, where the cryptocurrencies are legal or just use VPN and erase the traces.

Sparrow96

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I don't think this means Bangladesh is going to accept Cryptocurrencies. Bangladesh will accept Cryptocurrencies one day. But not soon. Bangladesh isn't able to accept Cryptocurrencies because of Law enforcing agencies and Bangladesh Bank.

P2P system isn't new in Bangladesh. Paxful and Localbitcoin already running P2P Buy and Sell for Bangladesh.

Currently, Bangladesh is more interesting in adopting Blockchain Technology because of transparency and security. Ripple now partnered with Bkash. Ripple has also joined with the Bank of Asia.

This partnering news is good for the Bangladeshi community because this means Bangladesh Banks are understanding the importance of Blockchain. I wish Bangladesh will understand the importance of Cryptocurrencies also and legalize it.

Quote from: Little Mouse on November 30, 2020, 04:19:53 AM

Can you show which journal from our country publish article on crypto? I would love to read.

I can show only negative news and propaganda against Bitcoin. One newspaper is calling Bitcoin Gambling. I feel sorry for them for their ignorance.

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Little Mouse

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Although Kucoin and Binance's implementation of BDT is a good news but it’s nothing much important because we already had the same trading system with localbitcoins, paxful etc. So, I don't think it will have any affect with the thought of our ministry. However, Bitcoin will be legalized eventually after few months or few years for sure.

Can you show which journal from our country publish article on crypto? I would love to read.

Swopon

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Gamdom

Bangladesh is known as one of the resourceful third worlds countries of the world. But their economy is very poor and maximum people are living below the poverty line. Though their GDP growth is very well and it's increasing day by day.

Their government is not crypto-friendly and it is strongly prohibited there. Some people already got punishment due to using transaction via cryptocurrency.

Currently, I have noticed some changes happened with Bangladesh, and journalists of that country already published articles about cryptocurrency and trying to highlight some position aspects.

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.

When big exchanges are coming to push cryptocurrency there so another good news that is not so far. The scenario can be different as we think but we can hope for the best.

Binance already published this article-- https://www.binance.com/en/support/articles/14cbf4930c544dac96161f166ac8eecd

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