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Myanmar’s Exiled Government Embraces Tether To Combat Military Regime
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cryptonews.comMyanmar’s shadow government has recognized tether (USDT) as its official currency - with plans to use the stablecoin to collect funds for a campaign against the country’s military junta.
The National Unity Government (NUG), an entity set up by the supporters of Myanmar’s ousted prime minister Aung San Suu Kyi, is embracing tether following the May decision by the Central Bank of Myanmar which declared cryptocurrencies illegal. Violators are threatened with prison and financial penalties, Bloomberg reported.
Shadow Finance Minister Tin Tun Naing said the opposition group will use the stablecoin for “domestic use to make it easy and speed up the current trade, services and payment systems”.
The politicians who are part of the government in
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