🚫 Binance Restrictions in Bangladesh – Important Update for Users
Binance and other crypto platforms are currently restricted in Bangladesh under strict financial and regulatory laws. The Bangladesh Bank has made it clear that any form of cryptocurrency activity is considered illegal.
⚖️ Legal Background
Covered under:
Foreign Exchange Regulation Act (1947)
Money Laundering Prevention Act (2012)
Crypto is not recognized as a legal tender, and financial institutions are prohibited from processing related transactions.
📌 Key Restrictions on Binance Use
Trading or Holding Crypto through Binance is illegal.
P2P transactions using bKash, Nagad, or local banks can trigger account freezing.
Receiving payments from Binance is not legally permitted in Bangladesh.
Using VPNs or foreign KYC details may work technically but still violates national law.
⚠️ Risks to Users
Bank account suspension
Financial penalties
Legal prosecution for money laundering or currency violations
✅ What You Should Do
Avoid all crypto transactions linked to Bangladesh.
Use legal channels like Payoneer or Wise for international income.
Stay informed and follow local regulations to protect your funds and identity.
Your safety starts with compliance.