Bitcoin in Bangladesh

BITCOIN IN BANGLADESH 1 Bitcoin=22473.13 Bangladeshi Taka While we prepare our ShARE output, we have to make sure we mention that BITCOIN TRANSACTION IS CURRENTLY ILLEGAL IN BANGLADESH. But we are still researching on this topic only to find out that if Bitcoin is a suitable mode or not. Bangladesh is the eighth most populated country in the world, with over 150 million people. Although still considered a ‘developing country’, it has an open and market-based economy driven mainly by agriculture and large-scale manufacturing industries. As is the case with neighboring India and the Philippines, Bangladesh counts on remittances from foreign-based workers and even local employees sending money from large cities to small towns as a significant contributor to its GDP. Estimates put income from remittances in 2012-2013 at $14.5bn. This would be an obvious use case for digital currency, though the usual hurdles of technology adoption, infrastructure costs and general awareness would need to be addressed, plus the need for affordable and reliable fiat currency to Bitcoin gateways that exists in all countries. Bangladesh is the eighth most populated country in the world, with over 150 million people. Although still considered a 'developing country', it has an open and market-based economy driven mainly by agriculture and large-scale manufacturing industries. As is the case with neighboring India and the Philippines, Bangladesh counts on remittances from foreign-based workers and even local employees sending money from large cities to small towns as a significant contributor to its GDP. Estimates put income from remittances in 2012-2013 at $14.5bn.

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some information regarding the status of Bitcoin transaction in Bangladesh is given here...

Transcript of Bitcoin in Bangladesh

BITCOIN IN BANGLADESH

1Bitcoin=22473.13Bangladeshi Taka

While we prepare our ShARE output, we have to make sure we mention that BITCOIN TRANSACTION IS CURRENTLY ILLEGAL IN BANGLADESH.But we are still researching on this topic only to find out that if Bitcoin is a suitable mode or not.Bangladesh is the eighth most populated country in the world, with over 150 million people. Although still considered a developing country, it has an open and market-based economy driven mainly by agriculture and large-scale manufacturing industries.As is the case with neighboring India and the Philippines, Bangladesh counts on remittances from foreign-based workers and even local employees sending money from large cities to small towns as a significant contributor to its GDP. Estimates put income from remittances in 2012-2013 at $14.5bn.This would be an obvious use case for digital currency, though the usual hurdles of technology adoption, infrastructure costs and general awareness would need to be addressed, plus the need for affordable and reliable fiat currency to Bitcoin gateways that exists in all countries.

Bangladesh is the eighth most populated country in the world, with over 150 million people. Although still considered a 'developing country', it has an open and market-based economy driven mainly by agriculture and large-scale manufacturing industries.

As is the case with neighboring India and the Philippines, Bangladesh counts on remittances from foreign-based workers and even local employees sending money from large cities to small towns as a significant contributor to its GDP. Estimates put income from remittances in 2012-2013 at $14.5bn.

This would be an obvious use case for digital currency, though the usual hurdles of technology adoption, infrastructure costs and general awareness would need to be addressed, plus the need for affordable and reliable fiat currency to bitcoin gateways that exists in all countries.