Regulatory Alerts2022-09-15
Added
Prohibition regarding virtual assets, virtual currencies and facilitating their exchange/transfer/trading
Transactions made in, from, or to Bangladesh for obtaining virtual assets or virtual currencies are prohibited, as are any forms of facilitation for their exchange, transfer, or trading. This directive applies to all individuals, entities, and institutions operating in Bangladesh, requiring them to refrain from dealing in these assets or supporting related business activities. Violations constitute contraventions of the Foreign Exchange Regulation Act, 1947, and are subject to cognizance under Section 23(1) of that Act.
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