Bangladesh Bank crypto warning: What you need to know about crypto risks in Bangladesh

Bangladesh Bank crypto warning, a formal advisory issued by Bangladesh’s central bank prohibiting the use, trading, and promotion of cryptocurrencies within the country. Also known as Bangladesh crypto ban, it’s one of the strictest crypto policies in South Asia, treating digital assets as illegal financial instruments with potential criminal penalties. This isn’t just a caution—it’s a full legal blockade. The bank says crypto undermines the taka, enables money laundering, and exposes users to unregulated, high-risk schemes. And they’re not wrong. Many of the crypto projects people chase—like fake airdrops, dead tokens, or zero-liquidity DeFi coins—have zero real value, and in Bangladesh, chasing them could mean losing money and breaking the law.

Related to this are crypto scams Bangladesh, fraudulent schemes targeting locals through Telegram groups, fake exchanges, and phishing sites promising quick returns. These scams often mimic real platforms like Block DX or Firebird Finance, but without audits, teams, or transparency. Then there’s crypto regulation Bangladesh, the legal framework that makes any crypto transaction—buying, selling, or even holding—a violation of the Foreign Exchange Regulation Act. Unlike the SEC Philippines, which requires registration, Bangladesh simply says: don’t do it. Period. But enforcement is uneven. Many still trade via P2P platforms or use foreign exchanges, often without KYC, which increases risk. The bank’s warning is clear: if you get scammed, you have no legal recourse. No bank will reverse it. No government will protect you.

What’s interesting is how this warning connects to the real projects people actually care about. Posts about fake airdrops like CHIHUA or VLX GRAND? They’re exactly the kind of trap the Bangladesh Bank is trying to stop. Same with low-liquidity coins like LanaCoin or Degen Zoo—projects with no team, no volume, no future. In Bangladesh, where internet access is widespread but financial literacy isn’t, these scams spread fast. The warning isn’t anti-innovation. It’s anti-fraud. It’s saying: don’t risk your life savings on something that doesn’t exist. And if you’re reading this because you’re curious about crypto in Bangladesh, the real question isn’t whether you can trade—it’s whether you can afford to lose everything.

Below, you’ll find real breakdowns of crypto projects that look tempting but are either dead, fake, or dangerously unstable. Each one is a lesson in what the Bangladesh Bank warned you about—and how to spot the next one before it’s too late.