Bitcoin banning ban on the Bangladesh Bank

Tech City Content Councilor: Bitcoin, Etharam, Ripel, Lytkayen, as a virtual currency, has urged the Bangladesh Bank to remain vigilant in the transaction. Virtual banknotes like Bitcoin are not permissible and it has been advised to remain vigilant in this regard by the Bangladesh Bank. The bank said, these are the virtual currency Because the country is not recognized by any legal authority, so there is no recognition of any kind of financial claims against these currencies.

Due to not giving legitimacy to these virtual currency from Bangladesh Bank or any other authority, it is contrary to the Bangladesh Foreign Exchange Control Act of 1974, Anti-Terrorism Act 2009 and Money Laundering Act 2012. Therefore, the exchange of these currency exchange has been mentioned in the notification. Also, in view of this, the central bank also warns that unlawfully money laundering or terrorist financing can be violated by the exchange of virtual currency. Therefore, virtual currency transactions like Bitcoin, help in trading and refrain from its promotion Bangladesh Bank has requested the public to stay The talk of bitcoin, known as virtual currency system, has been taking place for several days. But recently it became more familiar with the increase in prices. Bitcoin prices have started to decline again.