#ReciprocalTariffs

The newly imposed "Liberation Day" Reciprocal Tariffs by the U.S. primarily affect imported goods, so Bangladeshi crypto traders will not face a direct impact.

However, there could be some indirect effects:

Possible Effects:

1. Exchange Rate (BDT to USD):

- If Bangladesh’s exports decrease and there is a shortage of U.S. dollars, the value of BDT (Bangladeshi Taka) may weaken.

- As a result, the cost of purchasing crypto on platforms like Binance, Coinbase, or other exchanges may increase.

2. Foreign Transactions & Remittances:

- In Bangladesh, crypto trading is officially prohibited, but many traders rely on peer-to-peer (P2P) exchanges or alternative methods.

- If dollar transactions become more restricted, it may create difficulties in crypto buying, selling, and fund transfers.

3. U.S. Economy’s Effect on Crypto:

- The U.S. trade policy could create market instability globally.

- Bitcoin and other crypto currencies may experience increased volatility, as major institutional investors are tied to the U.S. economy.

Although there are no direct bans or taxes on crypto trading in Bangladesh due to this tariff, the overall economic changes could make trading more costly and risky.