• Al Jazeera

Myanmar shadow government approves crypto as official currency


Myanmar’s shadow government said it would allow the use of the world’s largest stablecoin, Tether, as an official currency, potentially making it easier for it to raise funds and make payments.

The National Unity Government (NUG), which comprises pro-democracy groups and remnants of Myanmar’s civilian administration that was overthrown in a military coup earlier this year, has been seeking to raise funds for its “revolution” to topple the ruling military government.


Read more here: https://www.aljazeera.com/economy/2021/12/14/myanmar-shadow-government-approves-crypto-as-official-currency


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