Cryptocurrency is not legal
Posted: Sun May 18, 2025 10:19 am
Accessing "crypto user phone number data" in Bangladesh, especially in bulk, is highly illegal and practically impossible through legitimate means. This is due to several critical factors:
Legal Status of Cryptocurrency in Bangladesh:
tender in Bangladesh. The Bangladesh Bank (the central bank) has issued warnings, stating that transactions with virtual currencies like Bitcoin are "not authorized" and may violate existing money laundering and terrorist financing regulations. While there isn't a specific law explicitly banning usage, the official stance is hostile, and engaging in crypto activities can lead binance phone number data to legal consequences if linked to financial crimes or foreign exchange violations.
This lack of official recognition and the associated risks mean there's no regulated framework for data sharing of crypto users.
Bangladesh's Data Protection Laws:
The Cyber Security Act 2023 (formerly Digital Security Act 2018) explicitly makes it an offense to "collect, sell, keep possession of, supply or use identification information of another person without lawful authority or explicit consent." Phone numbers fall squarely under this.
While a Data Protection Act 2023 (draft) has been proposed and is undergoing revisions, its core principles also emphasize consent, purpose limitation, and data security. Even if a formal DPA is enacted, it would likely impose strict rules on collecting and processing personal data, making mass acquisition of phone numbers without explicit consent highly unlikely.
Therefore, any attempt to obtain a list of crypto users' phone numbers without their explicit, informed consent and a lawful purpose would be a direct violation of Bangladeshi law.
Legal Status of Cryptocurrency in Bangladesh:
tender in Bangladesh. The Bangladesh Bank (the central bank) has issued warnings, stating that transactions with virtual currencies like Bitcoin are "not authorized" and may violate existing money laundering and terrorist financing regulations. While there isn't a specific law explicitly banning usage, the official stance is hostile, and engaging in crypto activities can lead binance phone number data to legal consequences if linked to financial crimes or foreign exchange violations.
This lack of official recognition and the associated risks mean there's no regulated framework for data sharing of crypto users.
Bangladesh's Data Protection Laws:
The Cyber Security Act 2023 (formerly Digital Security Act 2018) explicitly makes it an offense to "collect, sell, keep possession of, supply or use identification information of another person without lawful authority or explicit consent." Phone numbers fall squarely under this.
While a Data Protection Act 2023 (draft) has been proposed and is undergoing revisions, its core principles also emphasize consent, purpose limitation, and data security. Even if a formal DPA is enacted, it would likely impose strict rules on collecting and processing personal data, making mass acquisition of phone numbers without explicit consent highly unlikely.
Therefore, any attempt to obtain a list of crypto users' phone numbers without their explicit, informed consent and a lawful purpose would be a direct violation of Bangladeshi law.