Bangladesh ban crypto currency

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Despite such expansion and recognition across the world, Bangladesh is yet to accept it, and crypto is still illegal here. There are two main. Bangladesh Bank has once again asked all to refrain from doing trading of any kind of virtual coin or cryptocurrency in the country. Egypt, Iraq, Qatar, Oman, Morocco, Algeria, Tunisia, Bangladesh, and China have all banned cryptocurrency. Forty-two other countries, including.

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Comments Comments Policy. In this regard we must delve into the legality of offering virtual asset-related services on a cross-border basis� as was offered by MTFE, to individuals in Bangladesh� which has been a topic of much contention. However, the fact remains that Bangladeshi authorities are adamant to stop the use of bitcoin and are reportedly hunting bitcoin traders and miners. In the era of NFTs and blockchain, crypto can usher in massive changes to the financial sector of Bangladesh. That being the case, criminal offences relating to trading foreign currency without authorization, arguably do not explicitly catch bitcoin or cryptocurrencies.