Privacy Policy outlines
Posted: Sun May 18, 2025 10:44 am
Obtaining "cryptocurrency user phone number data," particularly in bulk, is highly illegal and practically impossible through legitimate channels in Bangladesh. This is due to a combination of stringent data privacy laws and the country's official stance on cryptocurrency.
Here's a detailed explanation:
1. Legality of Cryptocurrency in Bangladesh:
Not Legal Tender: Bangladesh Bank (the central bank) has consistently maintained that cryptocurrencies are not legal tender and has issued strong warnings against their use since 2014. These warnings highlight upbit user phone number list concerns about money laundering, terrorist financing, and financial instability.
Unofficial Status: While there's no specific law that explicitly bans all crypto activities, the regulatory environment is extremely restrictive. Running crypto exchanges or brokers in Bangladesh is prosecuted under existing finance and anti-money laundering laws, making such operations illegal.
Risk of Legal Consequences: Engaging in crypto transactions, especially if linked to illicit activities or foreign exchange violations, can lead to legal action.
Given this context, there is no legal framework that would permit the collection or sharing of personal data, including phone numbers, of individuals involved in cryptocurrency in Bangladesh.
2. Bangladesh's Data Protection Laws:
Here's a detailed explanation:
1. Legality of Cryptocurrency in Bangladesh:
Not Legal Tender: Bangladesh Bank (the central bank) has consistently maintained that cryptocurrencies are not legal tender and has issued strong warnings against their use since 2014. These warnings highlight upbit user phone number list concerns about money laundering, terrorist financing, and financial instability.
Unofficial Status: While there's no specific law that explicitly bans all crypto activities, the regulatory environment is extremely restrictive. Running crypto exchanges or brokers in Bangladesh is prosecuted under existing finance and anti-money laundering laws, making such operations illegal.
Risk of Legal Consequences: Engaging in crypto transactions, especially if linked to illicit activities or foreign exchange violations, can lead to legal action.
Given this context, there is no legal framework that would permit the collection or sharing of personal data, including phone numbers, of individuals involved in cryptocurrency in Bangladesh.
2. Bangladesh's Data Protection Laws: