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• “The apps allow you to ‘chat’ with women of different ages on video calls in the live chat. Their target is mainly expatriate Bangladeshis. Many are wasting their money on live chat rooms day and night.”
• Lawmakers need to understand the pace of digital progression, and law-enforcing agencies should be technically equipped with international collaboration.
• In these cases, money has to be sent to an agent number of an MFS using the cash-out option.
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The amount of currency in circulation is generally considered as the total amount of cash in an economy though it is not an accurate estimate. These, however, require more detailed and sophisticated data.

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The Public Gambling Act of 1867 prohibits all such gambling activities, including app makers, advertisers like Facebook and YouTube, traders, and of course, the players. And yet, such business practices are rampant, dodging our legal system and the cybercrime cell with much ease. In the process, a large number of people are falling victim to gambling addiction and other related crimes, not to mention siphoning off money outside the country. Many people addicted to these games can be seen in parks, shops or even in the spectator gallery at fields across the country. However, even if these apps cheat massively, the customers have few options. A deposit is taken from the customer using the agent number of a mobile financial service.

• The ratio is reasonably low compared to advanced developing countries like China, India and Russia.
• And with ‘fingerprint’ touch ID, logging in is faster than ever before.
• It is vital to address this challenge, which will only grow in the coming days if no action is taken.
• Alfaz Ahmed, who has the credit to celebrate all three international trophies won by the Bangladesh national team, hopes that Mohammedan Sporting Club, will regain its glory.
• On Jun 20, he went to Mahbubur Rahman’s ‘Plating Coin’ establishment in the suburb of Rajshahi city in sector No. 3 and found it closed.

He spent Tk 160,000 on an app called ‘Ultima’ and, in a month, received Tk 8,000 in dividends at a rate of 5 percent.

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• “If anyone uses it for dishonest or illegal activities, the account will be closed upon receiving a complaint.”
• The most common way to express use of cash in a country is to calculate the ratio of currency in circulation (CIC) to nominal GDP.
• Now the apps have betting or gambling and live chat services simultaneously.

Thus the exposure of big cash during the casino crackdown needs to be analysed carefully. Per capita CIC may be an interesting indicator in this regard. With a population of around 162 million, per capita CIC is estimated at Tk 10,572 only. Thus it may be presumed that a large section of people have small amount of cash in their houses. Only a few people have large or excessive amount of cash at their disposal due to rising disparity in income.

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• At that time in that place he was the only person from the “Brahman” class.

Under such circumstances, the law is executed without consistency, often becoming discriminatory. A BTRC official said that nearly 1,000 gambling sites have been shut down in the last year, and a team of 12 people in the organisation conducts regular website monitoring. They also shut down gambling or casino sites when they notice or receive complaints. The law enforcement agencies have not disclosed the names of these apps to the media. The money sent through various banking channels is deposited in unauthorised wallets of apps or websites. Rajshahi Metropolitan Police spokesman Rafiqul Alam said, “These apps are not approved in the country. Bangladesh’s money is being smuggled abroad through the app. It can be shut down at any time.”

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Those who floated the idea of demonetising of Tk 500 and Tk 1,000 notes clearly ignored the fact of lower CIC-GDP ratio and concentration of resources in a few hands. “Bangladesh Bank monitors suspicious transactions. But it is impossible to monitor the purpose for which a person or business engages in a money transaction.” “At the end of the day, an hour playing with Tk 100 can leave you Tk 1 million up or down to Tk 50.” “No one is forced to invest money in that app. It is good for us if an unemployed youth gets a job through [this app].” Rubel said that half a hundred investors of Durgapur Upazila have invested money in MTFE app through him.

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• They also shut down gambling or casino sites when they notice or receive complaints.
• In India the ratio stood at 10.70 per cent in March this year.
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• Even when the BTRC shuts down apps in the country based on police complaints, users still access chat rooms through their VPNs.

CIC-GDP ratio is around 9.50 per cent in China and around 9.0 per cent in Russia. In India the ratio stood at 10.70 per cent in March this year. Without going into the details of monetary aggregates, it may be simply mentioned that one is currency creation or supply side, another is use side.

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But it’s not fair, due to casino occurrence situation worsen” said Alfaz. When Alfaz was playing a match all were focused on the dribble master, as he used to tackle past his markers on his way and was too good for opponents to handle him. Alfaz, now serving as an assistant coach, feels pain at the dire straits of Mohammedan.

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• At the same time, income share of top five per cent increased to 27.89 per cent in 2016 from 24.61 per cent in 2010.
• But till now he highly expects that the club for which he played for 15 years will regain their glory after getting rid of this weedy condition.
• The Public Gambling Act of 1867 prohibits all such gambling activities, including app makers, advertisers like Facebook and YouTube, traders, and of course, the players.

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In 2010, share of bottom five per cent of the population was only 0.78 per cent of total national income and it further declined to 0.23 per cent in 2016. At the same time, income share of top five per cent increased to 27.89 per cent in 2016 from 24.61 per cent in 2010. One is currency in banks or cash in hand with banks, another is currency outside banks or currency with the public. Currency in banks is technically termed ‘currency in tills of deposit money banks (DMBs)’.

• On the right, there is a pop-up dialogue window of the Live Chat where any player can ask any question at any time of the day.
• Even the men in traditional Black and Whites had to face the threat of relegation also.
• Many people addicted to these games can be seen in parks, shops or even in the spectator gallery at fields across the country.
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At the start, the app gives payouts hundreds of times larger than the deposit. The Tk 50 bet is converted to several thousand and returned to the digital wallet.

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Thus a substantial cut in frequency of cash transactions remained largely unfulfilled. Adopting new laws and regulations that address digital technologies’ specific issues and opportunities; 2. Updating existing laws and regulations to adapt to the developments of digital technologies; 3. Using new technologies at the time of formulating or updating the law to ensure enforceability; 4.

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“If anyone uses it for dishonest or illegal activities, the account will be closed upon receiving a complaint.” In June 2021, two officials of the Bangshal branch of Dhaka Bank were arrested for gambling on an app, with nearly Tk 40 million withdrawn from the bank. The basic idea of these apps and sites is the same, but they arrange different games under different names.

The theft was discovered after an extended period when the accounts at the bank did not match. Two major incidents of online gambling scams recently came to the notice of law enforcers, but only after tens of millions of taka were lost. Like Shobuj, many others are tricked by apps that scam them in the guise of betting, gambling, gaming, investment, and casinos. Though such get-rich-quick scams have been operating for years, little effective action has been taken to stop them. But a precious photo of Bangabandhu Sheikh Mujibur Rahman – who was a player for the club and is seen wearing the team jersey – still remains as a historical artefact of the country’s sports arena. Aprilia is a well-known motorcycle company that dates back to 1946.

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There are other transport systems like Trains, Rivers and Air. There are several counter service and local service buses available from different location of Dhaka city. If you are moving from Uttara area or Farmgate area via Mohakhali just get ready to step off at Agargaon Bus stop, Sher-E-Bangla Nagar, Dhaka .

The most common way to express use of cash in a country is to calculate the ratio of currency in circulation (CIC) to nominal GDP. Nominal GDP is GDP at current market price and thus not inflation-adjusted. In FY19, nominal GDP of Bangladesh was estimated at Tk 25.36 trillion when total amount of currency in circulation was Tk 1.70 trillion. So the CIC-GDP ratio stood at 6.72 per cent in the past fiscal. The ratio is reasonably low compared to advanced developing countries like China, India and Russia.

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Of the money Shobuj ‘invested’ in the app, Tk 40,000 was from his savings. He received the rest by taking out a loan from an NGO in his mother’s name. Nine months ago, tile setter Shobuj Ali dreamed of getting rich overnight.

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• “At the end of the day, an hour playing with Tk 100 can leave you Tk 1 million up or down to Tk 50.”
• It is also cash because banks maintain cash and pay the cash to depositors and lenders.
• Moreover, when compared to the country’s Gross Domestic Product (GDP), it shows that the proportion of cash in Bangladesh economy is not as large as presumed by many.
• But people around the club still hoped that it would once again rise to the top of the tree.

Previously named Muslim Wanderers, it became Dhaka Wanderers over time as a bunch of sports-lovers from Old Dhaka brought the club into a prominent position in the local sports arena. Enter the amount of money to be credited and submit the operation. On the right, there is a pop-up dialogue window of the Live Chat where any player can ask any question at any time of the day. In Bangladesh, the CIC-GDP ratio fluctuated between 5.50 per cent and 7.60 per cent during the last one decade which means cash hoarding by people is mostly in line with the expansion of GDP.

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• In 2010, share of   bottom five per cent of the population was only 0.78 per cent of total national income and it further declined to 0.23 per cent in 2016.
• First of all, it is a good reputation and a license from the authorized organ to make it legal.
• At the start, the app gives payouts hundreds of times larger than the deposit.

Instead of keeping the money in banks, they preferred to hold big cash as these were mostly earned from illegal and tax-evaded income. Taking cue from this, a small section of people in news and social media raised the issue of demonetising Tk 500 and Tk 1,000 bank notes. According to the police official, these apps have appointed agents and dealers in Bangladesh. Through them, a customer buys ‘digital currency’ for joining chat rooms using cash or other forms of currency. But aggrieved customers can only reach these agents and dealers. Even when the BTRC shuts down apps in the country based on police complaints, users still access chat rooms through their VPNs.

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He visited Noakhali in 1946 and the place he lived is now turned into a memorial complex situated 25 kilometers away from the Noakhali District. Netflix has an extensive library of feature films, documentaries, TV programmes, anime, award-winning Netflix originals and more. One of the country’s giants Mohammedan Sporting Club has been going through a difficult time for the last few years. They could not taste the league championship even for once but won the runners trophy of the first three editions after domestic football of the country entered into professional era in 2007. Even the men in traditional Black and Whites had to face the threat of relegation also.

• There are other transport systems like Trains, Rivers and Air.
• The recent crackdown on illegal casinos in the city exposed the perception that huge sums of cash are available with a number of people.
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• From his experiences arresting agents and dealers last year, the police official said that some young women take part in these chat rooms and get paid based on the digital currency collected from users.
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