2024 - Sustainable Industrial Processing Summit
SIPS 2024 Volume 3. Dibra Intl. Symp / Laws & Their Applications
| Editors: | F. Kongoli, H. Carter, Y. Hayakawa, B. Jedlickova, M. McNeil, M. Nolan, E.S. Pana, D. Shanley |
| Publisher: | Flogen Star OUTREACH |
| Publication Year: | 2024 |
| Pages: | 268 pages |
| ISBN: | 978-1-998384-08-2 (CD) |
| ISSN: | 2291-1227 (Metals and Materials Processing in a Clean Environment Series) |
CD shopping page
CRYPTO-CURRENCY AND LEGAL VIEW IN BANGLADESH
Md. Mahmudul Hasan Towhid1;1HARMONY LAW CONSORTIUM, Dhaka, Bangladesh;
Type of Paper: Regular
Id Paper: 279
Topic: 61
Abstract:
There is a quote goes like that "Your comfort zone will destroy you" but whenever unemployed youths get the opportunity to earn money without any effort except an investment. In return, such unemployed people and youth living in a developing country shall receive double or triple investment benefits through crypto-currencies or tokens i.e. Bitcoin Cash (BCH), Ether (ETH), Binance Coin (BNB), Tether (USDT), Solana (SOL) where the local government banned such transaction of coins.
Law enforcing agencies cannot take immediate actions as the transaction is made secretly with local money transfer apps and funding from Black Money. People living in a developing country shall always take detrimental life risk to have a safe and secure future with huge money for their successors. Being scammed again and again, those needy people will try to change their present economic status by any means where the laws and regulations don't make any sense to them.
Unemployment, bribery, lack of standard life, greed for earning speedy money and converting one's black money to white money, all these elements are forcing Bangladeshi people to invest in crypto-currencies.