Two arrested in Naogaon for Bitcoin trading

The central bank considers cryptocurrency bears financial and legal risks and asked people to refrain from trading using blockchain technology

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Two people have been arrested in Naogaon for their suspected involvement in trading of cryptocurrencies. 

The arrests were made on Saturday during a joint raid by the Detective Branch (DB) and the National Security Intelligence (NSI), said a media release on Sunday.

Sarwar Hossain Dollar, 30, and Rakibul Islam Khandaker Rocky, 25, were arrested from a village in the northern district’s Atrai upazila.

Rakibul, whom the law enforcers identified as the leader of the Bitcoin-trading ring, was arrested from the Chowrabari village. Sarwar, who allegedly coordinated the trade, was held upon information gleaned from Rakibul, according to the statement.

Two arrested in Naogaon for Bitcoin tradingArrestees detained at Atrai police station Collected

The suspects confessed to police of being involved in Bitcoin trading, it added.

According to officials, the duo also conned people into investing in cryptocurrencies. Fraud charges have been brought against them.

Bangladesh Bank considers cryptocurrency bears financial and legal risks for its users and asked people to refrain from trading using blockchain technology.

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