News Watch (287-12-2017)

Don't use virtual coins: BB

Bangladesh Bank (BB) has requested all to abstain from online-based virtual currency or crypto-currency, like bitcoin, ethereum, ripple and litecoin as there is no legal framework for the currencies in any country across the world. "Virtual currency is not legal in any country. So no one can have financial claim to any authority against the transactions through the currency," said a recent BB notice. Virtual currency is not recognised by the central bank or any other agencies of the Bangladesh Government, said the BB notice. The notice said virtual currency transactions take place through online-based networks, which is not approved by any central authority or by the payment system that controls authority. — BSS

Fire guts Tk 1.09b jute in Khulna

KHULNA, Dec 27: Huge raw jute was burnt down in a devastating fire that wrecked two godowns of a jute mill by Bhatpara-Bejerdanga road in Phultala upazila early Wednesday.Witnesses said the fire originated at a female shed of 'Ahyan Jute Mills Ltd' around 6:30am and it soon spread to the two godowns. — UNB