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CATEGORY: myanmar


Jan 25, 2022 01:35

Myanmar looks to restrict VPN, crypto usage in new bill

On January 23, the Myanmar military proposed a bill that would outlaw the use of Virtual Private Networks(VPNs) and cryptocurrencies within its borders, multiple media outlets reported Monday. According to the legislation submitted, VPN users would be subjected to one and three years of imprisonment and a fine of up to 5 million Myanmar kyats. […]

Jan 07, 2022 11:20

How Crypto is Helping Freedom Fighters in Myanmar

The freedom to access and move one’s money is as important as freedom of speech.

The post How Crypto is Helping Freedom Fighters in Myanmar appeared first on BitPinas.

Dec 14, 2021 10:45

Myanmar's Shadow Political Entity Adopts USDT as its Primary Currency


Myanmar’s shadow political entity, the National Unity Government (NUG), has reportedly adopted the Tether (USDT) stablecoin as its primary currency to bypass the sanction from the military regime. (Read More)

Jul 20, 2023 02:10

Myanmar’s shadow government backs launch of crypto-based bank

Myanmar’s first entirely crypto-based banking institution has announced a soft launch for July 22 — a move that could see the country’s shadow government given greater access to financial services and funding. The Spring Development Bank is named after the Spring Revolution, the opposition movement led by Myanmar’s exiled National Unity Government (NUG) against the [...]

The post Myanmar’s shadow government backs launch of crypto-based bank appeared first on Crypto Breaking News.

May 14, 2023 05:50

10 Southeast Asian Nations Challenge Dollar Dominance With Push for Local Currencies

The leaders of 10 Southeast Asian nations, members of the Association of Southeast Asian Nations (ASEAN), have agreed to “encourage the use of local currencies for economic and financial transactions.” The group comprises Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam. This move will help them reduce their reliance on the U.S. [...]

The post 10 Southeast Asian Nations Challenge Dollar Dominance With Push for Local Currencies appeared first on Crypto Breaking News.

Apr 03, 2023 02:10

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

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 [...]

The post India to Facilitate International Settlements in Rupees to Reduce Dependence on the US Dollar appeared first on Crypto Breaking News.

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