A team of Bogura cyber police led by Inspector Md Emran Mahmud conducted a drive in Madhabpur area of Habiganj and Raypur area of Laxmipur on April 23 and April 24 respectively and arrested the three cryptocurrency dealers.
The primary investigation revealed that the dealers had made two websites on December 20, 2017 and January 14, 2018, using which they had been making transactions involving virtual currency, according to the release.
Analysis found that the websites had 7,362 active users and about 27,800 transactions had been made through the websites. The arrestees used to transfer the money received from trading virtual currencies to their bKash and Rocket accounts, which were also recovered by the law enforcers.
The law enforcers recovered the websites and also seized two laptops, 16 mobile phones, and 20 SIMs from the arrestees.
A case under Digital Security Act has been filed against the trio with Bogura Sadar Police Station yesterday.
so I understand they are being arrested because they used bitcoin and did some business involving bitcoin. Is a very unfortunate situation I wonder how long they will be arrested, what is the prison sentence for this crime? and if bitcoin is illegal Bangladesh, what's the prison sentence for using bitcoin in Bangladesh? I did a little search on google and found this:
The 2014 warning by Bangladesh Bank did not get much coverage in the local press but international press and bitcoin forums widely reported that Bangladesh has banned bitcoin and warned that bitcoin users may be jailed for up to 12 years.
jailed for up to 12 years.
It's a very high and exaggerated prison sentence.