Bangladesh has banned virtual currency transactions as per Bangladesh Bank FE Circular No. 24 (September 2022). The regulatory framework includes the Foreign Exchange Regulation Act 1947, Money Laundering Prevention Act 2012, and Anti-Terrorism Act 2009, which collectively restrict crypto activities.
| Status | Banned |
| Risk Score | 70/100 (High Risk) |
| Region | south asia |
| Currency | BDT |
| Capital Gains (Personal) | N/A - crypto banned |
| Capital Gains (Corporate) | N/A |
| VAT on Crypto | No |
| Staking Tax | N/A |
| Airdrop Tax | N/A |
No crypto-specific tax guidance available.
| Required | No |
| Regulator | BB |
| Framework | Bangladesh Bank FE Circular No. 24 (September 2022) prohibiting virtual currency transactions; Foreign Exchange Regulation Act 1947; Money Laundering Prevention Act 2012; Anti-Terrorism Act 2009 |
| Ease | very_complex |
No detailed enforcement information available
| Status | Research |
| Name | Bangladesh CBDC |
| Issuing Authority | Bangladesh Bank |
| Model | retail |
| KYC Required | Yes |
| Travel Rule | Yes |
| FATF Member | Yes |
| FATF Status | compliant |
| FATF Body | APG |
| Suspicious-Activity Reporting | Yes |
Status: Banned
DeFi activities are effectively banned due to the overall prohibition on virtual currencies and related transactions.
Status: Banned
Stablecoins are banned under the same regulations prohibiting virtual currency transactions.
Status: Banned
| Legal | No |
| Electricity Cost | $0.08/kWh |
| Renewable Energy | 20% |
| Infrastructure | fair |
Crypto mining is banned in Bangladesh as per current regulations. Electricity cost is moderate, renewable energy share is low, and infrastructure is fair but limited for large-scale mining.
| Stability | moderate |
| Sanctions | No |
| Corruption Index | 26/100 |
| Banking Access | restricted |
| Sanctions Program Active | No |
Risk Factors
Bangladesh has moderate political stability but difficult business environment and restricted banking access for crypto companies. The country is not under international sanctions but enforces strict crypto bans and capital controls.
Bangladesh has banned virtual currency transactions as per Bangladesh Bank FE Circular No. 24 (September 2022). The regulatory framework includes the Foreign Exchange Regulation Act 1947, Money Laundering Prevention Act 2012, and Anti-Terrorism Act 2009, which collectively restrict crypto activities.
Bangladesh is classified by FATF as: compliant.
KYC is mandatory for crypto businesses.
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Explore IT Services →Last reviewed: 2026-09-09 · Data source: Soken Crypto Legal Map
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