Many remember 2009 as the period of the worst global financial crisis. But 2009 also gave us a new form of currency, redefining the meaning of money. Bitcoin was launched in 2009 by an individual or a group known by the pseudonym "Satoshi Nakamoto". Bitcoin gave the world the first application of blockchain and opened the realm of digital currencies, decentralised finance companies, and a 24/7 financial trading market.
Bangladesh is one of the few countries in the world that consider bitcoin and all other types of cryptocurrency as "hostile". Bangladesh Bank considers bitcoin and other cryptocurrencies as illegal under the Foreign Exchange Regulation Act, 1947, and the Money Laundering Prevention Act, 2012. However, there is much debate on how these laws can be enacted in court since the central bank never correctly defined bitcoin as a currency or commodity. Regardless, the Bangladeshi authorities are adamant to stop the use of bitcoin and had issued warnings and even made arrests in relation to bitcoin trading and selling.
informative. educative. i learned many things from this article