Myanmar’s military government is considering working with the private sector to launch a digital currency. egreechee reports
Myanmar's ancient city of Bagan.
Myanmar's military government is planning to launch its own digital currency, a few months after the country's shadow government started accepting tether as its official currency, BloombergThe digital currency is aimed at supporting domestic payments and boosting the country's struggling economy, Deputy Information Minister Major General Zaw Min Tun said.
The junta is undecided as to whether it should work with local companies to launch the digital currency, Min Tun said.published on Jan. 26. The southeast Asian country has been effectively ruled by a junta, or military government, since its democratically elected party was ousted in a coup last year. The ousted party formed a shadow government, called the National Unity Government, which includes exiled leader Aung San Suu Kyi and her supporters.
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