Bangladesh and Myanmar, standing at the crossroad of development and prosperity, could not exploit enormous untapped opportunities and mutual benefit. The Rohingya issue shaped Bangladesh-Myanmar relations since the independence of Bangladesh. The Rohingyas are the most persecuted ethnic minority recognised by the UN and the international community. Rohingyas have been denied all the basic rights as normal human beings, let aside as citizens since the military junta took over power in 1962. The effect of the Rohingya issue is multifaceted including its impact on the security architecture of the region and beyond, where Bangladesh is the worst sufferer. Global, Major, Regional powers, State and Non-State actors are actively involved in the affairs. China and India have significant economic and geostrategic interests in Myanmar. Neither of these two regional powers is willing to leave Bangladesh and take the complete side of Myanmar. Myanmar on the other hand is unwilling to resolve the Rohingya crisis as recommended by the international community. The February 2021 coup in Myanmar, outright protests across the country, and fighting between EAOS and Tatmadaw have complicated the situation adding more complexities to resolving the issue. Prompt and just action of ICJ, the declaration of the BURMA Act 2022 by the USA, a recent initiative of China for repatriation, and the adoption of resolution 2669 in the UN Security Council are some of the silver linings. If the Rohingyas are nowhere, they will be everywhere around the world posing a threat beyond the region. An immediate, collective solution is not an option, but a compulsion for a safer world.