Bangladesh Compliance Report

Regulatory Overview

Regulatory Status

Regulators have not addressed crypto; legal status ambiguous

Key Regulator(s)

Ministry of Law, Bangladesh Telecommunication Regulatory Commission

Primary Legislation

from Ministry of Law, Justice and Parliamentary Affairs, Bangladesh, Under Bangladesh’s Money Laundering Prevention Act (MLPA), Section 4, individual, Under Indian law, securities still include traditional instruments such as share, Ministry of Law, Justice and Parliamentary Affairs - Bangladesh, http://bdlaws.minlaw.gov.bd/act-details-180.html (Bengali version, English versi

Travel Rule

Adopted — Threshold: Implemented

Tax Reporting

Violation of Foreign Exchange Regulations: Virtual currencies are not legal tender and are not issued by any recognized central bank or government. Engaging in transactions with them can violate the Foreign Exchange Regulation Act, 1947.. Money Laundering and Terrorist Financing Risks: Their anonymous and decentralized nature makes them susceptible to illicit activities.. Lack of Central Authority/Consumer Protection: No regulatory body oversees these assets, leaving users vulnerable.. No Specific Rates for Crypto: There are no specific capital gains tax rates for cryptocurrency in Bangladesh because it is not recognized as a legal asset for investment.. General Capital Gains: For legitimate assets like land, buildings, and shares, Bangladesh has specific capital gains tax provisions (e.g., varying rates for listed vs. unlisted shares, or property, with exemptions in some cases). These do not apply to crypto.

Key Facts

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