Post
Topic
Board Economics
Re: Is Bangladesh going to accept Cryptocurrency???
by
Swopon
on 14/12/2020, 13:30:29 UTC
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

There are currently no restrictions within Bangladesh that might stop users within the country from using Cryptocurrencies so I guess it is somehow a not-so illegal thing that you only need to use secretly since they are just prohibiting people from using it. They did not specify that they must not learn how to use Cryptocurrencies since that would be a hard task even for their government. Cryptocurrencies can be used within the Internet so maybe as long as they are not cashing out their money, they would not have a problem by using it.
Yes, no restrictions but it is banned here and if anyone involve to do transactions or other things using cryptocurrency then he or she will be punished as per country law. Already there has many news on that who already caught by then for getting connected with cryptocurrency. We, the people are still using it at our own risk. If they know any how then we might be caught and punished physically with fine. So it should be used with your own risk and secretly which you already quoted.