Cryptocurrency Adoption in Bangladesh
18th June 2022, Saturday
Crypto market- Up or down. But last 5-6 months there are no up, only down is happening. So it's normal for everyone to be upset.
But I have a good news for Bangladeshi people and BCH community. There are two things are going to happen in few days or months.
Adopting cryptocurrency
Creating own digital currency
On June 6, a program called Blockchain Olympiad Bangladesh was organized where the main topic was the legality of cryptocurrency in Bangladesh and starting its business.
The program is completed in several steps and through seminars at different times of the day. There is no doubt that cryptocurrency is going to be adopted in Bangladesh.
Since I did not attend the program, I do not know what was discussed in each topic. And there are no live videos or videos shared from there, so I can't say the details.
However, I see new possibilities for a bitcoin cash here. If cryptocurrency gets legality in Bangladesh and our government adopts cryptocurrency for business then we can request to adopt bitcoin cash instead of bitcoin. In this case our government is able to understand the benefits of BitcoinCash and it is not only crypto but also a P2P network system then BitcoinCash will go one step further. Because when a country prefers a crypto, it is no less than Elon Musk's tweet.
Many stores in Dhaka alone have the adoption of Bitcoin Cash. So I see a lot of possibilities with Bangladeshi Bitcoin Cash. I'm with BitcoinCash more than 2 years but still I don't have enough power, strength or opportunity spread BitcoinCash awareness like a pro. All I can do, I can talk about BCH with people when it will be released here. But talking to a head of Bangladesh bank, Governor of Bangladesh or there is no opportunity to talk to the finance minister about bitcoincash.
But one thing I will be very happy to do is that I can talk about Bitcoin Cash on various social media without any fear. Because if Bangladesh gets the legality of cryptocurrency, there will be no legal complication if we talk about them mainly BCH.
However, I am sure that if the Bangladesh government gives the highest priority to any crypto, it will be BTC. Because Bitcoin is the most popular crypto in the world. And all the other coins or crypto that are there refer to themselves as real BTC including bitcoincash. Although we know which is the real bitcoin and there is enough evidence. But the main problem now is that the information about Bitcoin Cash that is unknown to the government.
That's it, Bangladesh is going to step forward in a new era! Hope everything will going all right. But I'm sure they are going to put high tax fee on crypto like India. India pays 30% as vat! Lol :/
The Blockchain Olympiad was about a totally different thing, on the technology basically; not cryptocurrency. It's a long way to adopt crypto in a country and culture like us. I agree that BTC will get priority. But what I understand, we doesn't have the tech support or system to control it. So the govt will be backward for many years, maybe. Good to read your article. We all are waiting to see the adoption.