OKX Banner
BTC $78,461.00 (-0.45%)
ETH $2,471.28 (+0.60%)
BNB $699.90 (+0.44%)
XRP $1.38 (-5.43%)
SOL $96.92 (-0.79%)
TRX $0.34 (-0.68%)
HYPE $81.40 (+0.31%)
ZEC $782.81 (+0.03%)
DOGE $0.08 (-3.07%)
RAIN $0.02 (-9.17%)
LEO $9.22 (-1.63%)
LINK $11.27 (-1.47%)
XMR $430.48 (-1.56%)
ADA $0.21 (-3.47%)
XLM $0.18 (-4.05%)
BCH $262.40 (-1.43%)
CC $0.12 (-3.62%)
LTC $49.86 (-1.64%)
GRAM $1.39 (-6.25%)
HBAR $0.08 (-1.70%)

Bangladesh vs Libya

Crypto regulation comparison

← Back to map | Bangladesh | Libya
Bangladesh

Bangladesh

Libya

Libya

Banned
Banned

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.

Libya has a restrictive stance on cryptocurrency. The Central Bank of Libya has warned against crypto use. Political instability and a divided government complicate any regulatory development.

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 Central Bank of Libya
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
  • Central Bank of Libya has warned against cryptocurrency use
  • No specific cryptocurrency legislation
  • Political instability limits regulatory development
  • Crypto used informally despite restrictions
  • No licensed crypto exchanges operate
Sources
Sources
OKX Banner