This is what I often say about some people who do have the same desire as the OP by running their business and accepting bitcoins especially for some Nigerian friends I've seen threads on.

We still cannot fight the condition of government regulation and with this it is indeed better to avoid it than to do something that is really not really wanted which will actually backfire in the end.
Including bitcoin as a payment option is a good thing but the problem with regulation and government policy remains that it will be very difficult to do.

As many of you may have read my previous posts and know that I used to accept crypto in my business. I was waiting for a Bitcoin payment to happen because all others were in alts. I used to convert them to BTC. No big deal there. But recently I am facing some issue with this.

I had to stop accepting Bitcoin/ Crypto payments because Cryptocurrency is not legal here anymore. It was in a gray area for quite some reason, but recently the law department is making their move by putting crypto in a black area, thus declaring it illegal.


I don't wanna wind up in some illegal affairs, so I put a halt in the crypto payment section. From my point of view, this is the best option I am left with right now.  I have no idea when will I be able to continue, or will I ever be able to continue again. And this whole thing is not because of any complaint from the police or anything like that. I am doing this for my own safety and to continue with my business. They are putting people in jail if they know we possess crypto.

So it's a personal thing for me. I can still continue if I wish to, but that doesn't seem like the wise decision. So let's hear what you guys want to say. Give me some advice from your personal experiences.

So it's a personal thing for me. I can still continue if I wish to, but that doesn't seem like the wise decision. So let's hear what you guys want to say. Give me some advice from your personal experiences.

The government will eventually discover businesses that accept crypto as a payment method, as you need to obtain a license to operate within your business. This means that they are constantly monitoring businesses, and if they discover that you are accepting crypto, it is hoped that they will simply issue a fine. However, there is a possibility that you could face jail time. It would be best to avoid accepting crypto to avoid any trouble.

Constraints like these make crypto, especially Bitcoin, unable to be maximized as it functions. Here, we understand that sometimes we cannot put forward our ideals in doing something, because sometimes it can become a rock and an obstacle. It's not that I don't support the use of Bitcoin as a means of payment anymore, but if this is the case like what you are experiencing, then I think it's okay to comply with the government more securely and for the sake of your business continuity without any problems from the authorities. This is not only happening in your country, but also in mine. Even though crypto is legal as an investment tool or commodity, Bitcoin is still not legal as a means of payment and cannot be used as a means of payment. hence, some people who wanted to do it, had to go underground. And this is of course difficult because we don't know who or which merchants received it because it was not announced.

Here you shared a screenshot but the Bangladesh Bank and Government have made it clear that all types of digital currencies are legally prohibited to invest, trade and invest under the 1947 Act. However, if you decide to introduce Bitcoin as a payment system in your business, you can't blame anyone for legal trouble. As far as I know as a Bangladeshi somewhere in Bangladesh say online business, offline business say Bitcoin is not approved.  Moreover, you constantly see Bitcoin traders from Bangladesh being arrested by the police. So how do you publicly introduce Bitcoin as a form of payment for your business? But if you can bring legal license from parliament then you can start.

I think this is just for traders. Why not hold your coins instead I don't think holding coins is illegal since you are not trading them for local currency it should be fine.