Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Have you, or would you ever use a Bitcoin ATM?
by
Vaskiy
on 03/07/2023, 05:42:06 UTC
⭐ Merited by JayJuanGee (1)

Bangladesh usually sees what its neighboring countries are doing and what technology they are using. India already legalized Bitcoin with a 30% tax (Which is ridiculous) on profit. Yet Bangladesh did not think about Bitcoin yet. Maybe we won't be able to see the legalization of Bitcoin in Bangladesh. But good luck to the next generation!
Our neighboring country India where Bitcoin is legalized with 30% tax and their political and economic conditions are much better than Bangladesh. Although they legalized Bitcoin at 30% tax but the political and economic condition of our Bangladesh is so bad that it is not possible to legalize Bitcoin even at 70% tax here. If the government of Bangladesh legalizes Bitcoin, its country and banking system will be in dire straits, never legalize it.



Since there is no acceptance of Bitcoin in Bangladesh especially by the government, there is no system to install Bitcoin ATMs in the country. However, I searched on Google and saw that there is no Bitcoin ATM here.
India have got 30% tax on gains. Along with it there is a 4% cess and on trading there is 1% tds. Thats a huge money, apart the bitcoin ATMs charge a hefty fee of 15-20% which makes buy/sell using bitcoin ATM very expensive compared to what's been charged on exchanges. I haven't used Bitcoin ATMs, maybe installing one is profitable.