Myanmar is currently experiencing a crisis on many fronts. After the government wasousted in a military coup, the Junta committee of military leaders tightly controls banks and the internet.
To combat this military regime, individualthe country's politicians formed the Government of National Unity (PAE). The PAE Ministry of Planning, Finance and Investment has announced that the official currency of Myanmar will be Tether (USDT), not the Myanmar kyat.
The European Union officially recognized the PAE as the only legal representatives of the country, about which the ministry made an official statement in Burmese.
A statement from Myanmar's government-in-exile said that Tether (USDT) is officially recognized for use in the country.
1. To improve and accelerate the current trading and financial services, the digital currency, namely the stablecoin Tether (USDT), is officially recognized for use in the country.
2. Therefore, the announcement of the order (September 2020) issued by the Central Bank of Myanmar is invalidated. The military regime is controlled by the central bank.
It is worth noting that in the past the stablecoin projectfaced regulatory pressure, however, given the state of the Myanmar kyat (Myanmar's currency has lost 60% of its value in the last four weeks), there appear to be few other options.
Most likely, this decision was dictated by the initiative of El Salvador, but in Myanmar they decided to turn to a cryptocurrency with a stable exchange rate.
Where is it more profitable to buy cryptocurrency? TOP-5 exchanges
For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.
The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.
Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?
Rating of cryptocurrency exchanges:
| # | Exchange: | Website: | Rating: |
|---|---|---|---|
| 1 | Binance (Editor's Choice) | https://binance.com | 9.7 |
| 2 | Huobi | https://huobi.com | 7.4 |
| 3 | Exmo | https://exmo.me | 6.9 |
| 4 | OKEx | https://okex.com | 6.5 |
| 5 | Bybit | https://bybit.com | 6.3 |
The criteria by which the rating is set in our rating of crypto-exchanges:
- Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
- Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
- Additional features and services— futures, options, staking, NFT marketplace.
- Feedback and support– we analyze user reviews and the quality of technical support.
- Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
- final grade– the average number of points for all indicators determines the place in the ranking.
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