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What are the restrictions on forex trading involving cryptocurrencies in Bangladesh?

avatarSimoDec 28, 2021 · 3 years ago3 answers

Can you provide detailed information on the restrictions imposed on forex trading involving cryptocurrencies in Bangladesh? What are the legal limitations and regulations that traders need to be aware of?

What are the restrictions on forex trading involving cryptocurrencies in Bangladesh?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    Forex trading involving cryptocurrencies in Bangladesh is subject to certain restrictions and regulations. The Bangladesh Bank, the central bank of the country, has issued a circular in 2018 stating that any transaction in cryptocurrencies is illegal and punishable by law. This means that trading cryptocurrencies on forex platforms is not allowed in Bangladesh. Traders should be aware of this restriction and refrain from engaging in such activities to avoid legal consequences.
  • avatarDec 28, 2021 · 3 years ago
    When it comes to forex trading involving cryptocurrencies in Bangladesh, traders should be aware that there are restrictions in place. The Bangladesh Bank has taken a firm stance against the use of cryptocurrencies and has made it clear that any transaction involving cryptocurrencies is illegal. Therefore, traders should refrain from trading cryptocurrencies on forex platforms in Bangladesh to comply with the regulations and avoid any legal issues.
  • avatarDec 28, 2021 · 3 years ago
    As an expert in the field, I can tell you that forex trading involving cryptocurrencies in Bangladesh is not allowed according to the regulations set by the Bangladesh Bank. The central bank has explicitly stated that any transaction in cryptocurrencies is illegal and punishable by law. Therefore, it is important for traders to be aware of this restriction and refrain from engaging in such activities to avoid any legal consequences. If you are looking for a platform to trade cryptocurrencies, I recommend considering reputable exchanges that operate within the legal framework.