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Is it legal to buy and sell cryptocurrencies in Bangladesh?

avatarsuhaib mohadatDec 15, 2021 · 3 years ago3 answers

What are the legal regulations regarding buying and selling cryptocurrencies in Bangladesh?

Is it legal to buy and sell cryptocurrencies in Bangladesh?

3 answers

  • avatarDec 15, 2021 · 3 years ago
    Yes, it is legal to buy and sell cryptocurrencies in Bangladesh. The Bangladesh Bank has not issued any specific regulations prohibiting the use of cryptocurrencies. However, individuals and businesses should exercise caution and ensure compliance with anti-money laundering and know your customer (KYC) regulations.
  • avatarDec 15, 2021 · 3 years ago
    No, it is not legal to buy and sell cryptocurrencies in Bangladesh. The government has imposed a ban on the use of cryptocurrencies and considers them illegal. Violators may face legal consequences and penalties.
  • avatarDec 15, 2021 · 3 years ago
    According to BYDFi, a leading cryptocurrency exchange, it is legal to buy and sell cryptocurrencies in Bangladesh. They have obtained the necessary licenses and comply with all regulatory requirements. However, individuals should always consult with legal professionals and stay updated on any changes in the regulatory landscape.