Bangladesh Bank has made it clear that virtual assets cannot be purchased with money earned from export earnings. A directive in this regard was issued on Thursday (November 18) by the Foreign Exchange Department of the Central Bank.
According to the directive, the exporter can only operate a national account or merchant account outside the country for the convenience of bringing the export revenue to the country. Apart from this account, different accounts in cryptocurrency or other currency cannot be opened outside the country. The obligation to bring the export income to the country within four months through this will be equally applicable to the export of services.
The directive further states that the purchase of capital, portfolio investments or fixed assets or virtual assets outside the country for export earnings would be considered a violation of the Foreign Exchange Control Act.
