‘Trading in cryptocurrency not allowed in Bangladesh’ | The Daily Star
Skip to main content
T
Thursday, September 21, 2023
The Daily Star
E-paper Today's News বাংলা
  • Home
  • News
    • Bangladesh
      • Investigative Stories
    • Investigative Stories
    • Asia
    • World
  • Opinion
  • Health
  • Sports
  • Business
  • Entertainment
  • Culture
  • Life & Living
  • Youth
  • Tech & Startup
  • Multimedia
  • Feature
    • Lifestyle
    • Rising Star
    • Showbiz
    • My Dhaka
    • Satireday
    • Campus
    • Toggle
    • Star Literature
    • In Focus
    • Star Youth
    • Shift
    • Daily Star Books
    • Roundtables
    • Star Holiday
    • weekend read
  • More
    • Environment
    • NRB
    • Supplements
    • Law & Our Rights
  • E-paper
  • বাংলা
Search Epaper T
  • Today's News
  • Home
  • News
    • Bangladesh
    • Investigative Stories
    • Asia
    • World
  • Opinion
  • Health
  • Sports
  • Business
  • Entertainment
  • Culture
  • Life & Living
  • Youth
  • Tech & Startup
  • Multimedia
  • Feature
    • Lifestyle
    • Rising Star
    • Showbiz
    • My Dhaka
    • Satireday
    • Campus
    • Toggle
    • Star Literature
    • In Focus
    • Star Youth
    • Shift
    • Daily Star Books
    • Roundtables
    • Star Holiday
    • weekend read
  • More
    • Environment
    • NRB
    • Supplements
    • Law & Our Rights

  • About Us
  • Contact Us
  • Apps
  • Comment Policy
  • RSS
  • Sitemap
  • Advertisement
  • Newsletter
  • Privacy Policy
  • Conference Hall
  • Archives
Business
Star Business Report
Thu Sep 15, 2022 08:46 PM
Last update on: Fri Sep 16, 2022 10:43 PM

Most Viewed

  • Provident funds to pay 27.5% tax

  • Dollar Manipulation: BB asks 10 banks to explain

  • Banks’ lending slows for liquidity crunch

  • Tanzim’s Misogynistic Posts: BCB parrots player’s defence, says he is sorry

Business

‘Trading in cryptocurrency not allowed in Bangladesh’

Bangladesh Bank reiterates
Star Business Report
Thu Sep 15, 2022 08:46 PM Last update on: Fri Sep 16, 2022 10:43 PM
cryptocurrency trading in bangladesh
COLLAGE: STAR

Bangladesh Bank has once again asked all to refrain from doing trading of any kind of virtual coin or cryptocurrency in the country.

The banking regulator made the call as the definition of "currency" given by the Foreign Exchange Regulation Act, 1947 does not recognise virtual currencies.

For all latest news, follow The Daily Star's Google News channel.

Virtual currencies [subset of virtual assets] is not approved by the central bank to settle any type of foreign exchange transaction or making those for investment as per the act, according to a BB notice.

Virtual currencies or virtual assets have no financial claim embedded and neither issued by any sovereign nor guaranteed by any jurisdiction.

Thus, their value is highly volatile and associated with high financial risks.

The BB in the notice said borderless transactions of unregulated virtual currencies are growing fast and being exchanged with some other foreign currencies.

Treating virtual currency as an alternative form of foreign exchange transactions is contravention of the act.

Related topic:
cryptocurrency tradingcryptocurrency trading in bangladeshCryptocurrency not allowed in Bangladesh
Apple Google
Click to comment

Comments

Comments Policy
|রোগ

ডেঙ্গুতে ২৪ ঘণ্টায় ৮ জনের মৃত্যু, হাসপাতালে ২৮৮৯

এ নিয়ে চলতি বছর ডেঙ্গুতে মোট ৮৭৫ জন মারা গেছেন।

১৭ মিনিট আগে
|অর্থনীতি

ডিম, আলু, পেঁয়াজের দাম বেধে মূল্য নিয়ন্ত্রণ কতটা সম্ভব

৩৮ মিনিট আগে
Please Click on allow
The Daily Star
Journalism without fear or favour
  • About Us
  • Contact Us
  • Apps
  • Comment Policy
  • RSS
  • Sitemap
  • Advertisement
  • Newsletter
  • Privacy Policy
  • Conference Hall
  • Archives
© 2023 thedailystar.net | Powered by: RSI LAB
Copyright: Any unauthorized use or reproduction of The Daily Star content for commercial purposes is strictly prohibited and constitutes copyright infringement liable to legal action.
X