Central Bank of Bangladesh warns about the transaction of Cryptocurrency including Bitcoin, Ethereum, Ripple and Litecoin
In a circular Central Bank of Bangladesh mentioned, according to the information received from the internet and different news media, transactions have been taking place using different online-based exchange platforms including Bitcoin, Ethereum, Ripple and Litecoin. These virtual currencies are not authorized by legal authority and thereby no financial claims can be made against such currencies.
Besides, these currencies do not conform to Foreign Exchange Regulation Act, 1947, Anti Terrorism Act 2009 and Money Laundering Prevention Act, 2012, the notice also read.
Under the circumstances, the citizens have been asked to refrain from performing, assisting and advertising all kind of transactions through the virtual currencies like Bitcoin to avoid financial and legal damages.
However, the notice does not carry any indication on how the regulation would be enforced.
Haha same like India 😄
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