Bitcoin Foundation Bangladesh Goes Dark after Bank Threats

Last week, the Central Bank of Bangladesh issued a statement that anyone caught using Bitcoin would be subject to a prison sentence of up to twelve years, essentially forcing the Bitcoin community underground as the Bank is enforcing the nation’s money laundering laws.
According to one source, the Central Bank made its decision after a number of local media reports talked about Bitcoin transactions on several online exchanges. The Central Bank explained the decision:
‘Bitcoin is not a legal tender of any country. Any transaction through Bitcoin or any other crypto currency is a punishable offence.’

This post was published at Coin Telegraph on 2014-09-25.

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