Bangladesh

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Bangladesh Votes for a New Era While Millions Trade Crypto in the Shadows

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Despite a total ban, the country has surged to 13th in global cryptocurrency adoption — and the new government may not be able to look away much longer. As Bangladesh Votes, a Crypto Underground Demands Recognition The following guest post was written by Nabil Sorkar, Verse Community Member. DHAKA, Bangladesh — On a sweltering Wednesday … Read more

Bangladesh and India to Trade in National Currencies Due to US Dollar Liquidity Issues

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Bangladesh and India have decided to conduct trade settlements in their own currencies, bypassing the dominance of the U.S. dollar. According to sources from the Bangladesh Bank, the decision was made due to the issues of liquidity in foreign currency that Bangladesh faces, which are disrupting the flow of imports to the country. Bangladesh and … Read more

India to Facilitate International Settlements in Rupees to Reduce Dependence on the US Dollar

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The government of India has announced that it will facilitate the settlement of international transactions using its national currency, the rupee. As part of its foreign trading policy framework implemented on April 1, the country introduced this measure to facilitate payments for countries experiencing a U.S. dollar crush. India to Offer Rupee-Based Settlement Options for … Read more