How are you? By Allah's grace, I'm doing very well. Today, the topic I want to discuss is Bitcoin and freelancing status in Bangladesh.

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In 2008, the concept of virtual currency appeared all over the world. Everyone thinks cryptocurrency is invented by a software scientist or some group and this currency is known as cryptocurrency to the whole world. Many believe that a person named Satoshi Nakamoto or a special team created the first Bitcoin. Bitcoin is the first cryptocurrency, whose commercial transactions officially started in 2010. Later, many types of virtual coins were invented, but no coin could surpass Bitcoin. All Bitcoin transactions are peer-to-peer using an open-source cryptographic protocol. For this reason, there is no need for any type of economic institution or regulatory institution to conduct transactions. All these currencies can be exchanged very easily by hiding one's identity. All transaction information resides in the blockchain network. Bitcoins can be sold and accepted in conventional terms and due to all these reasons the use of Bitcoins is increasing day by day. Bitcoin is legally recognized in many countries around the world, including Canada, Europe, and the United States.

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Countries like France, Spain and Japan have legalized Bitcoin transactions in their countries but till now Bitcoin is illegal in Bangladesh, Egypt, Morocco and many other countries. Bangladesh Bank published a document on Bitcoin in December 2017, stating that there is no legal recognition of the virtual currency in the country. But what is the reason for this ban? The main reason for this is said to be the unstable market price of Bitcoin, which increases the risk in the market. As an example, you can see the market situation as a result of the Iran-Israel war. In my opinion these cannot be any logical reasons. There are many freelancers in Bangladesh who get paid through cryptocurrency but they are unable to earn due to cryptocurrency ban. As a result, at the end of the day, Bangladesh is also developing from foreign currency. According to me Bangladesh should legalize cryptocurrency.

Today's discussion concludes here. I hope you've found it interesting. Please share your thoughts on today's topic. Prayers for everyone. May everyone be well. Amen.