What are the restrictions on forex trading involving cryptocurrencies in Bangladesh?
SimoDec 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?
3 answers
- Dec 28, 2021 · 3 years agoForex 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.
- Dec 28, 2021 · 3 years agoWhen 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.
- Dec 28, 2021 · 3 years agoAs 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.
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