The Bitcoin Foundation just announced a new affiliate, this time in South Asia. The institution’s new partner is from Bangladesh and joins the foundation in its mission to promote cryptocurrency around the world.
“Join us in introducing Bitcoin to the world and contributing to its sustained development”, reads the foundation’s website. Looks like at least one Bitcoin-related organization in South Asia heard the calling, after seven other affiliates joined the foundation’s mission over the last eight months. The other affiliates are located in Australia, Canada, Mexico, Germany or the Netherlands.
According to the World Bank, quoted by the website NewsBTC, numbers released in April show that Bangladesh received $14 billion in remittences during 2013 from approximately 8.6 million migrant workers. All it takes is for some of these workers to discover the advantages that Bitcoin can bring to the remittance market in order to boost cryptocurrency’s popularity in the country.
And that is exactly how the Bitcoin Foundation’s new local affiliate should start promoting in Bangladesh.
“To be effective in positively improving lives, it’s important we join together, align our goals, become educated and coordinate our efforts to encourage Bitcoin’s adoption“, said S M Monir Uz Zaman (Sazeeb), the president of the Bangladesh affiliate institution’s group, in a press statement.
The Bangladesh team is incredibly passionate about Bitcoin and helping their communities. This is a win for the region and a win for Bitcoin.
Mark Woods, Bitcoin Foundation Affiliate Director
Like the other affiliates, the Bangladesh team will be responsible for the protection and promotion of Bitcoin in the Asian nation. However, as the cryptocurrency’s fame grows across the world, more affiliates will probably join the foundation in a near future.
I am from Bangladesh and happy to read your informative article. I have a question Is Bitcoin legal in Bangladesh? As I know it is illegal in Bangladesh that how they affiliate in our country. So please would you write and article about Bitcoin law of Bangladesh.
Hi Md Rajib,
Bitcoin’s legal status is rather murky in Bangladesh. To the best of my knowledge, it hasn’t been explicitly banned. However, there have been threats made by the central bank against anyone using it there and I believe authorities there are seeking to discourage its use. If you’re using Bitcoin in Bangladesh, I’d advise you to be very cautious and not let anyone know about it.
“To be effective in positively improving lives, it’s important we join together, align our goals, become educated and coordinate our efforts to encourage Bitcoin’s adoption“, said Mizanur Zaman, one of the local board members, in a press statement.
Not Mizanur Zaman. It should be S M Monir Uz Zaman (Sazeeb)
Thank you, Sazeeb. We have changed the article!