Digital Bangladesh Needs Digital Currency

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3 years ago

A visual portrayal of the virtual money bitcoin.

Many recall 2009 as the time of the most exceedingly awful worldwide monetary emergency. Be that as it may, 2009 likewise gave us another type of cash, rethinking the importance of cash. Bitcoin was dispatched in 2009 by an individual or a gathering known by the pen name "Nakamoto". Bitcoin gave the world the principal use of blockchain and opened the domain of computerized monetary forms, decentralized money organizations, and every minute of the everyday monetary exchanging market.

Bangladesh is one of only a handful few nations on the planet that consider bitcoin and any remaining sorts of digital currency as "threatening". Bangladesh Bank considers bitcoin and other digital currencies as unlawful under the Foreign Exchange Regulation Act, 1947, and the Money Laundering Prevention Act, 2012. In any case, there is a lot of discussion on how these laws can be established in court since the national bank never effectively characterized bitcoin as cash or item. In any case, the Bangladeshi specialists are resolute to stop the utilization of bitcoin and had given alerts and surprisingly made captures corresponding to bitcoin exchanging and selling.

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As far as I know, a central bank does not make laws. Has a relevant law been enacted by the parliament?

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