Alexa BB urges all to abstain from transactions of virtual coins

Dhaka, Saturday   24 August 2019

Akash

BB urges all to abstain from transactions of virtual coins

 Staff Correspondent Daily-Bangladesh

 Published: 12:11 PM, 28 December 2017   Updated: 09:20 PM, 3 January 2018

Logo of Bangladesh Bank

Logo of Bangladesh Bank

Bangladesh Bank (BB) requested all to abjure from online-based virtual currency or crypto currency, like bitcoin, ethereum, ripple and litecoin; because there is no legal framework currencies in any country across the world.

In a recent notice of Bangladesh Bank said that virtual currency is not legitimate in any country. So no one can have financial plea to any authority against the transactions through the currency.

Bangladesh Bank also said virtual currency is not recognised by the central bank or any other agencies of the Bangladesh Government.

Bitcoin or any other virtual currency transactions mainly take place through online-based networks, which is not approved by the central authority or by the payment system that controls authority. Therefore, the clients may be perturbed, said the BB notice.

DailyBangladesh/Adnan/Nishi