Although cryptocurrency is banned in Bangladesh, it is becoming popular among the young people day by day. Now many people in Bangladesh are using cryptocurrency. However, since the use of cryptocurrency is a crime here, sometimes the police arrest someone.
Bangladesh is a populous country. There are a lot of educated unemployed people here. Cryptocurrency can create some workplace here. But because of the crypto ban, that opportunity is not being created.
How long will the Bangladesh government lag behind where the world is moving forward? I hope crypto will be legalized in Bangladesh soon.
In India, when the government came up with their own stupid plan to make the ownership of cryptocurrency a criminal offense, it ended up making crypto even more popular. Because there was a lot of debate generated after the bill was uploaded to the parliament website, a lot of people who were previously unaware of cryptocurrency became suddenly interested in it. I guess the same will happen in Bangladesh as well. The government ban will end up popularizing BTC.
Ban in Bangladesh was there even before the incident happened in India if I am not wrong so yes the people already aware of the cryptocurrencies and the profit making opportunities but due to the ban from government they need to do every trading under the radar s they won't pay any taxes for it and also traders can set premium prices due to the ban in place.