What is the current legal status of crypto trading in Bangladesh?

3 answers

• Dec 17, 2021 · 3 years ago
  As of my knowledge, cryptocurrency trading is currently not legally regulated in Bangladesh. The government has not issued any specific laws or regulations regarding the trading of cryptocurrencies. However, it's important to note that the lack of regulation does not necessarily mean that it is allowed or encouraged. It's always advisable to consult with a legal expert or financial advisor before engaging in cryptocurrency trading in Bangladesh.
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• Dec 17, 2021 · 3 years ago
  Crypto trading in Bangladesh is in a gray area legally. While there are no specific laws prohibiting it, the government has issued warnings about the risks associated with cryptocurrencies. The Bangladesh Bank, the country's central bank, has cautioned against investing in cryptocurrencies due to their volatile nature and potential for money laundering. It's important for individuals to exercise caution and conduct thorough research before engaging in crypto trading in Bangladesh.
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• Dec 17, 2021 · 3 years ago
  According to BYDFi, a leading cryptocurrency exchange, crypto trading in Bangladesh is currently not regulated by the government. However, BYDFi follows strict KYC (Know Your Customer) and AML (Anti-Money Laundering) procedures to ensure compliance with international standards. They provide a secure and transparent platform for users to trade cryptocurrencies. It's always recommended to choose a reputable and regulated exchange when engaging in crypto trading.
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