OKX Banner
BTC $64,137.00 (-0.90%)
ETH $1,866.20 (-0.40%)
BNB $566.31 (+0.80%)
XRP $1.09 (-0.70%)
SOL $73.91 (-1.10%)
TRX $0.33 (-0.30%)
HYPE $57.37 (-1.60%)
DOGE $0.07 (+1.30%)
RAIN $0.01 (-2.20%)
LEO $9.70 (+1.10%)
ZEC $475.42 (-4.30%)
XMR $368.65 (+3.90%)
LINK $8.35 (-0.60%)
ADA $0.16 (-1.00%)
XLM $0.18 (-1.50%)
CC $0.12 (+0.70%)
BCH $209.78 (+0.60%)
GRAM $1.47 (+0.80%)
LTC $45.90 (-0.40%)
USDG $1.00 (+0.00%)

Bangladesh vs Eritrea

Crypto regulation comparison

← Back to map | Bangladesh | Eritrea
Bangladesh

Bangladesh

Eritrea

Eritrea

Banned
Restricted

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.

Eritrea has a highly restrictive financial environment. The government tightly controls the economy and financial system. No crypto activities are formally permitted.

Tax Type Unclear
Tax Type None
Tax Rate N/A
Tax Rate N/A
Exchanges No No
Exchanges No No
Mining No No
Mining No No
Regulator Bangladesh Bank
Regulator Bank of Eritrea
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
  • Highly restrictive financial environment
  • Government tightly controls the economy
  • No specific cryptocurrency legislation
  • Very limited internet access
  • No formal crypto services or exchanges
Sources
Sources
OKX Banner