Home ›› 13 Oct 2022 ›› Front
The Bangladesh Bank has asked banks to stop supporting the transaction and exchange of virtual currency, virtual asset and crypto currency.
In a notice issued on Wednesday, the central bank also asked commercial banks to increase their monitoring to this end. Some customers of commercial banks are involved in virtual currency transactions by using their bank account despite prohibition of such kinds of currency, the Bangladesh Bank said in the notice.
Banks will have to take initiatives to put up the prohibition of virtual currency transactions in visible places of banks head offices, branches, sub-branches and agent banking outlets, added the notice.
Earlier on 15 September, the Bangladesh Bank prohibited holding or trading any kind of virtual coin or crypto currency in the country.
It asked all to refrain from trading any kind of virtual currency as the definition of “currency” provided by the Foreign Exchange Regulation Act, 1947 does not recognise virtual currencies.
