The Minister of Trade and Industry, Mr Kwadwo Alan Kyerematen, says the private sector could drive the country's economic recovery efforts following the ravages of the COVID-19 pandemic. He, therefore, underscored the need for government to provide the requisite support and incentives to the sector for it to become the…
Star Business Report
Thu Jul 29, 2021 09:58 PM
Bangladesh Bank has once again said today that it does not allow holding or trading of any kind of virtual coin or cryptocurrency in the country.
The central bank s announcement came as confusion built after it sent a letter to the Criminal Investigation Department of the police that trading of cryptocurrencies cannot be considered apparently as a crime although virtual coins are illegal under the laws of the country.
In a circular and through its website on December 24 in 2017, the Bangladesh Bank asked all to refrain from trading of virtual currency.
The banking regulator still does not allow or support trading of any cryptocurrency, such as Bitcoin, Ethereum, Ripple and Litecoin, Bangladesh Bank said in a statement today.
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