Bangladesh Compliance Report

Regulatory Overview

Regulatory Status

Regulators have not addressed crypto; legal status ambiguous

Primary Legislation

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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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