Bangladesh vs Congo (Republic)
Crypto regulation comparison
Bangladesh
Congo (Republic)
Banned
No Regulation
Bangladesh effectively bans cryptocurrency. Bangladesh Bank issued warnings in 2017 citing anti-money laundering laws, and the Foreign Exchange Regulation Act 1947 prohibits unapproved digital currency transactions. Violations can result in imprisonment up to 12 years.
The Republic of Congo has no specific cryptocurrency regulation. As a CEMAC member, it falls under BEAC oversight. BEAC has cautioned about crypto risks.
Tax Type
Unclear
Tax Type
None
Tax Rate
N/A
Tax Rate
N/A
Exchanges
No
Exchanges
Yes
Mining
No
Mining
Yes
Regulator
Bangladesh Bank
Regulator
BEAC (Bank of Central African States)
Stablecoin Rules
Not applicable; all crypto transactions are prohibited
Stablecoin Rules
No stablecoin regulation
Key Points
- Bangladesh Bank issued a 2017 notice warning against crypto transactions
- Foreign Exchange Regulation Act 1947 used to prohibit crypto dealings
- Money Laundering Prevention Act 2012 applies to crypto-related activities
- Penalties can include up to 10 years imprisonment and fines up to 3 million BDT
- Despite the ban, some peer-to-peer trading occurs underground
Key Points
- No specific national cryptocurrency legislation
- BEAC provides regional monetary oversight
- Part of the CEMAC monetary zone with the CFA franc
- Limited crypto adoption and infrastructure
- Neighboring CAR briefly adopted Bitcoin as legal tender