What are the legal regulations for forex trading in Bangladesh with regards to cryptocurrencies?

3 answers

• Dec 26, 2021 · 3 years ago
  Forex trading in Bangladesh is regulated by the Bangladesh Bank, the country's central bank. As for cryptocurrencies, the legal status is not clearly defined. The Bangladesh Bank has issued warnings against using or trading cryptocurrencies, considering them illegal. However, there is no specific law or regulation that explicitly prohibits cryptocurrency trading. Traders should exercise caution and stay updated with any changes in the regulatory landscape.
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• Dec 26, 2021 · 3 years ago
  In Bangladesh, forex trading is subject to strict regulations to ensure the stability of the financial system. However, when it comes to cryptocurrencies, the situation is a bit different. While the Bangladesh Bank has expressed concerns about the risks associated with cryptocurrencies, there is no outright ban on trading them. Traders should be aware of the potential legal and financial implications and seek professional advice if needed.
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• Dec 26, 2021 · 3 years ago
  According to the regulations set by the Bangladesh Bank, forex trading activities should strictly adhere to the guidelines provided by the central bank. As for cryptocurrencies, the situation is more complex. While the Bangladesh Bank has not officially recognized cryptocurrencies, it has not explicitly prohibited trading them either. Traders should be cautious and consider the risks involved before engaging in cryptocurrency trading.
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