Is it okay to send money home from abroad through crypto?
Last reviewed: 15 October 2026
Short answer
No. Crypto transactions are not permitted in Bangladesh, and informal remittance channels risk breaking the law and being defrauded. Use banks or licensed money-transfer services.
Full answer
If you send crypto and someone at home sells it for taka, the transfer becomes informal, much like hundi. That means:
- Crypto transactions are not permitted under Bangladesh Bank's instructions.
- The recipient's bank or mobile account may be frozen.
- If the middleman disappears with the money, there is no remedy.
- Remittances through legal channels qualify for government incentives, which you lose.
Use banks or licensed money-transfer services to send money to your family. More: the risks of crypto in Bangladesh.