Are there any restrictions or limitations on buying crypto in Bangladesh?

3 answers

• Jan 12, 2022 · 3 years ago
  Yes, there are restrictions on buying crypto in Bangladesh. The Bangladesh Bank, the country's central bank, has issued a circular in 2018 that prohibits the use of cryptocurrencies as a medium of exchange. This means that individuals and businesses are not allowed to buy or sell cryptocurrencies for goods and services. However, it's important to note that the circular does not explicitly ban individuals from owning cryptocurrencies as an investment.
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• Jan 12, 2022 · 3 years ago
  As of now, there are limitations on buying crypto in Bangladesh. The government has expressed concerns about the risks associated with cryptocurrencies, such as money laundering and financing of terrorism. Therefore, they have taken measures to restrict the use of cryptocurrencies in the country. However, it's worth mentioning that the government is also considering the possibility of introducing regulations to govern the crypto industry in the future.
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• Jan 12, 2022 · 3 years ago
  According to BYDFi, a popular cryptocurrency exchange, there are currently no restrictions or limitations on buying crypto in Bangladesh. Individuals can freely buy and sell cryptocurrencies on their platform without any legal barriers. However, it's always recommended to stay updated with the latest regulations and consult with legal professionals to ensure compliance with the law.
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