Transactions in cryptocurrencies will have to wait longer for greenlight

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Transactions in cryptocurrencies will have to wait longer for greenlight

-Says BSEC Chairman at Inauguration of World Investor Week

BM Report:

Even if there is a rush from the youth groups to use crypto currencies in Bangladesh, there should be no rush to take action. Chairman of the Bangladesh Securities and Exchange Commission, Professor Shibli Rubaiyat-ul-Islam, commented on this during the opening ceremony of World Investor Week 2023 held at the BSEC Building in Agargaon in the capital on Monday.

Shibli Rubaiyat also said, “Cryptocurrency is a risky exchange system, although it is gaining acceptance in various countries. We do not have plans to open trade or invest in crypto except to form an asset bank to protect users from financial loss. This is because the authorization to use crypto can be used as an opportunity by scammers.”

The BSEC chairman feels that people need to understand the difference between investment and savings. This is important to make common people investment-oriented.

He also said, “To encourage foreign investment in Bangladesh, it is necessary to make plans for infrastructure, human resources, and blue economy development. Branding Bangladesh will bring success in this regard by changing the prevailing concept of poverty in Bangladesh.

Former UGC Chairman Emeritus Professor Nazrul Islam spoke as the chief guest on the occasion. He said, “If the 100-year development plan is adopted, it will bring positive results for the people, and people should be taught investment and economics. A quality higher education system should be introduced to develop quality human resources to cope with the revolutionary impact of artificial intelligence.

He feels that except for 4/5 private universities in the country, there is no quality standard that can properly develop human resources, and higher education has become a business in the country despite it being impossible for gentlemen to get into these businesses.

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