Regulatory Alerts2022-11-10
Added
DFIM Circular Letter No. 24: Prohibition regarding dealing of virtual assets & virtual currencies and facilitating their exchange/transfer/trading
The document directs all scheduled banks, financial institutions, and foreign exchange stakeholders in Bangladesh to strictly cease any business or activities involving the dealing, buying, selling, or facilitating the exchange, transfer, or trading of virtual assets and virtual currencies. Institutions are ordered to prominently display this prohibition notice at their head offices and branches, publish it on their websites, and ensure all trainees are informed through training programs. This directive enforces the instructions previously issued in FE Circular No. 24 dated September 15, 2022, under the powers granted by Section 18(c) of the Financial Institutions Act, 1993.
Topics
crypto
fx
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