Cryptocurrency Enforcement in Bangladesh: What’s Really Happening

When it comes to cryptocurrency enforcement in Bangladesh, the government’s stance is clear: all crypto transactions are illegal under central bank rules. Also known as crypto prohibition in Bangladesh, this policy isn’t just a warning—it’s backed by fines, account freezes, and even criminal charges for those caught trading or mining. Unlike countries that tweak regulations, Bangladesh shut the door completely in 2021 and hasn’t looked back.

But here’s the twist: people are still trading. Despite the ban, P2P crypto networks, peer-to-peer platforms where users trade directly without exchanges have grown quietly. Traders use WhatsApp groups, local cash deals, and offshore wallets to move Bitcoin and USDT. Meanwhile, crypto compliance, the set of rules and practices to follow legal requirements doesn’t exist for most users—there’s no licensed exchange, no tax reporting system, and no legal way to convert crypto to taka. That means anyone holding crypto is operating in a legal gray zone, risking everything if the authorities come knocking.

Enforcement isn’t even consistent. Some users get fined for small amounts; others trade freely for months without issue. The central bank targets big operators, not casual holders. But the fear is real—bank accounts get frozen, phone numbers get blocked, and WhatsApp groups vanish overnight. What’s worse? There’s no official guidance. No hotline. No FAQ. Just silence followed by sudden raids.

What you’ll find below are real stories and facts from people caught in this mess. We’ve pulled together posts that show how traders adapt, what happens when you get caught, and why even a total ban can’t kill demand. You’ll see how crypto enforcement in Bangladesh compares to China’s strict rules, how stablecoins slip through the cracks, and why the government’s strategy might be backfiring. This isn’t theory. It’s what’s happening right now, on the ground, in Dhaka, Chittagong, and beyond.