BB asks all to refrain from trading of ‘Bitcoin’
Monday, 15 September 2014
Bangladesh Bank (BB) on Monday urged all concerned to refrain from trading of ‘Bitcoin’ or any sort of artificial currency. Bitcoin is a virtual currency traded through a software-based online payment system. Payments of such currency work peer-to-peer without a central repository or administrator. In a circular, the central bank stated that trading of online-based ‘crypto currency’ Bitcoin through different exchange platforms has come to the knowledge of the central bank through some media reports. Bitcoin is not a legal tender issued by any country. So, trading of any Bitcoin or any artificial currency is not recognised by the BB, the circular added, according to a news agency.