Hello friends Assalamualaikum, I hope you are all well? Alhamdulillah, by the grace of Allah, I am also well. In this good stay I brought one more happy news! Cryptocurrency transactions are not illegal, Bangladesh Bank approves.
This information was given by the Foreign Monetary Policy Department of Bangladesh Bank in a letter sent to the CID of the Criminal Investigation Department of the police recently.
Cryptocurrency is a type of virtual currency.
The number of such currencies traded on the Internet is currently around 8,000. However, the most popular is Bitcoin. The cryptocurrency was created by a group of Japanese software scientists named Satoshi Nakamoto.
The current one bitcoin is valued at 60,454.38 USD, according to Coel Market. Its value in Bangladeshi Taka is 5440894.20 Taka.
However, bitcoin transactions were considered a crime in Bangladesh. Recently, while investigating the case at CID, he wanted to know the opinion of Bangladesh Bank.
On May 18 this year, Shafiul Azam, assistant director of Bangladesh Bank's foreign exchange policy department, said that even if the ownership of the cryptocurrency transaction is not recognized, it will not be considered a crime. That's another good news. PayPal will be launched in Bangladesh from next December. From which I think cryptocurrency will be completely valid.
I am finishing writing here like today. Thanks for reading the information.
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