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,
It's the news agency who are promoting they were arrested because of dealing bitcoin transactions. Like as I stated before, they have been committed crime like deceiving their customers with big amount.
jailed for up to 12 years.
It's a very high and exaggerated prison sentence.
I doubt they will be sentenced for 12 years, may be 2 or 3 years however up to 12 years is the law along with some fine in some cases.
With this news, people who were dealing bitcoin are now gone off line (most of them), I was trying to exchange BTC/BDT yesterday. Didn't find anyone, it has seriously affected the enhancement of bitcoin in Bangladesh.
I welcome the Police raid in one way, because a lot of scammers were deceiving people with exchanging bitcoin which probably will decrease now.
I have read the news at thursday. One of the arrested person is my familiar in facebook before joning this forum. Basically they have been arrested for cheating with customers in their website (
https://easypaidbd.com/). The Cyber Police of Bogura investigated into matter with the report of one victim who has been cheated by them.
Are you talking about Maruf Billah? If I can remember correctly, I have seen him on one of the facebook group, I used to think he is a trusted guy, then this.
If cyber police wants, they can seize all the local exchange in Bangladesh, these exchanges somehow left their identity in facebook or any other platform. I think cyber police aren't putting so much attention on dealing bitcoin only, if they would, they could arrest people daily. It's easy to track down people who are exchanging bitcoin in our local.
Nevertheless, to all the Bangladeshi people, please be aware of dealing face to face, it can be a trick to arrest you. Only do deal with persons whom you do trust and have several dealing online. Don't mess up with anyone, they may give information to cyber police about you which may cause an issue.