Bangladesh Becomes Bitcoin Foundation's First Asian Affiliate
The Bitcoin Foundation has announced its first affiliate group in Asia, with Bitcoin Foundation Bangladesh becoming the latest local advocacy group to join its international network. The addition of Bangladesh means the Bitcoin Foundation has built an international chain of affiliates in just eight months. The newest member joins groups in Canada, Mexico, Australia, Germany, Denmark and Netherlands. The president of Bitcoin Foundation Bangladesh, Sazeeb (no last name given), said: "To be effective in positively improving lives, it's important we join together, align our goals, become....
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Following up on recent news reported indicating that Bangladesh could imprison individuals caught using bitcoin in the country comes the news from the Bitcoin Foundation that their affiliate in the country has temporarily halted operations. The September 15th reports noted that buying, selling, and trading the digital currency could be punishable up to 12 years in prison, as the use of bitcoin violates the country's strict anti-money laundering laws. The Foundation writes: Until more information is obtained on the current situation, Bitcoin Foundation Bangladesh has temporarily suspended....
The Bitcoin Foundation has issued a new statement suggesting that it is currently investigating whether bitcoin and digital currency transactions are now illegal in Bangladesh. However, citing general uncertainty surrounding this week's statements from the Bangladesh Bank, the Bitcoin Foundation Bangladesh, the organisation's first Asia-based affiliate, will suspend operations. In a post entitled "The Case for Bitcoin in Bangladesh", executive director Jon Matonis suggested that the comments from the bank don't read like other bitcoin bans. This perception has proliferated since earlier....
Already the Bitcoin Foundation has affiliates in Australia, Canada, Mexico, Germany, and the Netherlands (and more), and they now have another affiliate joining up from Bangladesh. It's the first affiliate in South Asia, making a total of seven affiliates in four continents (over a period of eight months). Impressive! It could very well pan out to be a great spot for bitcoin to grow and help the population with transferring money. Putting things into perspective, the World Bank said in an April press release that people in Bangladesh had received a whopping $14 billion in remittences from....
On the tails of the LaBitConf, the first ever Latin American Bitcoin Conference, the Bitcoin Foundation announced the full launch of the International Affiliate Program to foster further development of Bitcoin communities around the world. In addition to opening up an international office in the United Kingdom, the Bitcoin Foundation also took the Bitcoin Association of Australia and the Bitcoin Foundation Canada on as the first two affiliates. The Bitcoin Foundation issued the below press release. Bitcoin Foundation's International Affiliate Program ramps up for 2014. Opens international....
Bangladesh recently banned the use of bitcoins. This action makes the country the latest in a string of nations that have taken steps to restrict or otherwise ban the use of bitcoin and other digital currencies. Also read: Ecuador Bans Bitcoin In Favor Of Own National Cryptocurrency. Brief Profile of Bangladesh. Bangladesh is a South-Asian country on the Bay of Bengal that borders India to the east, south and west, and has Myanmar (formerly Burma) as its south-eastern neighbor. It is classified as a developing country with a rapidly growing market-based economy. Bangladesh is the world's....