Bangladesh is one of the few countries that has completely banned the trade and use digital currencies announced that several major state institutions will strengthen the fight against the spread of bitcoin among the country’s citizens.
The representatives of Bangladesh Bank once again issued a warning concerning the cryptocurrency, this time to encourage local banks to deny service to users of bitcoin. An employee of the financial intelligence unit of Bangladesh (BFIU) said
reporters that «banks and other financial organizations in the country have been ordered to remain vigilant on the issue of trade cryptocurrencies. Soon will be distributed to the circular detailing the situation.»
The Agency representative also added that «it is impossible to legally buy the cryptocurrency through banking channels. Specialists in combating cybercrime are currently investigating the situation.»
It is reported that employees BFIU «has already started to track down the bitcoin merchants» together with the Bangladeshi regulatory Commission of telecommunications (BTRC). Representatives of BFIU and BTRC held four meetings on the issue of cryptocurrencies. Nazmul Islam (Nazmul Islam), assistant to the Deputy Commissioner of the Department for combating cybercrime of Bangladesh, said:
«We have already tracked down a few users of bitcoin and hunt for others, and also check several web pages for authenticity. Investigation of cryptocurrency trading is a complicated question.»
The representative of the Central Bank of Bangladesh said that the police Department on the exchange actively monitors the turnover of bitcoin. It is expected that soon in the Ministry of internal Affairs will report on the possible consequences of the proliferation of virtual currency. Local media reported that «the trade and use of» digital currencies remain «uncontrolled» in Bangladesh, despite the statement of the Central Bank, made at the end of 2017, and banning the use of bitcoin in the country.
The Dhaka Tribune publishing argues that in addition to groups dedicated to the cryptocurrency trading in social networks, «data Localbitcoins.com show that cryptocurrencies are sold in Bangladesh through a Bank, bKash, Rocket and other methods of mobile banking».