Re: Bangladesh says Bitcoin users could be jailed for up to 12 years
Just don't panic.
The central bank is not a legal authority.
http://www.mof.gov.bd/en/budget/pathprosperity/chapter1.pdf
After this report
Now look the story from the other side.
That the government of Bangladesh has nothing against Bitcoin it proves only that they are considering it more legitimate that 90% of the other parts of their economy.
The central bank is not a legal authority.
http://www.mof.gov.bd/en/budget/pathprosperity/chapter1.pdf
After this report
Quote
According to our estimation, the size of the
underground economy in Bangladesh was only 7% of nominal GDP in 1973.
Since then it
increased phenomenally and in 2010 it stood at 62.75% of GDP
And if it raised in the same amount since 2010 then the illegal economy in 2014 must be around 90% in Bangladesh.underground economy in Bangladesh was only 7% of nominal GDP in 1973.
Since then it
increased phenomenally and in 2010 it stood at 62.75% of GDP
Now look the story from the other side.
That the government of Bangladesh has nothing against Bitcoin it proves only that they are considering it more legitimate that 90% of the other parts of their economy.