Although the virtual currency 'Bitcoin' is not valid in the world, it is being traded online. It is believed that its use in Bangladesh is also being used.
Bangladesh Bank has called for the 'illegal' transactions to be discontinued in the digital currency. Yesterday, the central bank warned users with the intriguing advertisement in different newspapers.
Information technology experts say there is no banking system in the transaction of Bitcoin. Direct access (peer-to-peer) between two users online through electronic. Cryptography is the method used for the security of transactions. In addition to the dollar-pound-euros, purchases can be made in cryptocarrency bitcane.
But in other currencies such as the government and central bank of the country, it is not in the case of bitcoin. In 2009, Satoshi Nakamoto's pseudonym or some software developer introduced a new type of virtual currency. This type of coin is known as cryptocarcation.
The cryptococoncy invented by Nakamoto is named after 'Bitakayana'. But in the meantime hacking has happened in Bitakayane. Bitcoin prices started to fall around the world. Last week, Bitcoin lost 30 percent interest in one day.Yesterday, the Bangladesh Bank warning warning about the unsafe currency has been said, dealing in various exchange platforms such as online-based virtual currency or crypto currency such as Bitakayana, Etherium, Ripple, Litkayen etc. The Foreign Currency Control Act, 1947, Anti Terrorism Act 2009 and Money Laundering Prevention Act 2012 are not supported.
Bangladesh Bank's warning also said that violation of law and money laundering and anti-terrorist financing can be violated by virtual currency transactions with anonymous / pseudo-friendly sponsors online. Customers can face different risks, including potential financial
and legal risks.In order to avoid potential financial and legal risks, the Bangladesh Bank has urged the public to assist in the transaction of virtual currencies like BITKAYANA or to avoid these activities and to stop the promotion.
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