Is it legal to trade cryptocurrencies through forex brokers in Bangladesh?

3 answers

• Nov 26, 2021 · 3 years ago
  Yes, it is legal to trade cryptocurrencies through forex brokers in Bangladesh. However, there are certain regulations and restrictions that you need to be aware of. The Bangladesh Bank has issued a circular stating that any transactions involving cryptocurrencies are considered illegal. This means that forex brokers in Bangladesh are not allowed to offer cryptocurrency trading services. Therefore, if you want to trade cryptocurrencies, you will need to find alternative platforms or brokers that operate outside of Bangladesh's jurisdiction.
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• Nov 26, 2021 · 3 years ago
  Trading cryptocurrencies through forex brokers in Bangladesh is not legal according to the regulations set by the Bangladesh Bank. The central bank has deemed cryptocurrencies as illegal and any transactions involving them are considered unlawful. Therefore, it is advisable to refrain from trading cryptocurrencies through forex brokers in Bangladesh to avoid any legal consequences.
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• Nov 26, 2021 · 3 years ago
  While it is not legal to trade cryptocurrencies through forex brokers in Bangladesh, there are other platforms and exchanges that allow you to trade cryptocurrencies legally. One such platform is BYDFi, which operates outside of Bangladesh's jurisdiction and offers a wide range of cryptocurrencies for trading. However, it is important to note that BYDFi is not regulated by the Bangladesh Bank and you should exercise caution when trading on this platform.
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