January 23, 2022

Myanmar's shadow government recognizes USDT as official currency

Myanmar's shadow government recognizes USDT as official currency

The Government of National Unity of Myanmar (PNU) is an underground organization that opposes the military regime, who seized power in the country - announced the stablecoin USDT as the official currency of settlement in the country

According to representatives of the PNU, the introduction of stablecoins as a currency will enhance the privacy of residents and make it possible to avoid confiscations.

PNU will host USDT as part of its fundraising campaign to overthrow the regime. The government also raised $ 9.5 million through the sale of bonds to the Diaspora of Myanmar around the world.

Myanmar's shadow government recognizes USDT as official currency

The shadow government's decision to legalize Tether runs counter to the cryptocurrency ban imposed by the Myanmar Central Bank last May.

The PNU was recognized by the official government of Myanmar by the French Senate and the European Parliament. The United States has not yet expressed its views on this matter.

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According to the materials cointelegraph.com

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