TLDR : Myanmar(Burma) government in exile recognised Tether as an official currency to fight against Military DictatorshipBackstory : There was a coup in Myanmar(Burma) in February 2021. 99 percent of the national loathes the military. As of now there are two governmentsThe military regime (Holding power)The exiled government (won the 2021 election, the cabinet members location unknown but rumoured to be in Thailand,Germany,US)Daily Fights going on - guerrilla warfare, daily protests, civil strike, tons of atrocities committed by the regimeTo read about the coupSince the Military is in control, the junta has tight control over the banks and the internet. Everything is traceable so the government in exile has announced the news today to encourage people to start using USDT instead of the current official Myanmar Currency (KYAT).Link to the announcementTranslation of the official announcement below.Republic of the union of MyanmarNational Unity GovernmentMinistry of Planning, Finance and InvestmentOrder Note (4/2021)[Burmese calendar] 1383 years, 8th Nat Daw Month2021, December 11[Title] USD Tether (USDT) officially recognised for usage within the nation1. In order to improve and accelerate the current trading and financial services, the following digital currency, a stable coin, now has been officially recognised for usage within the nation.- USD Tether(USDT)2. Thus declaring the order note (9/2020) released by the central bank of Myanmar as invalid.[Central bank is controlled by the military regime]ByTin Htun NaingMinisterMinistry of Planning, Finance and InvestmentThe official Announcement In Burmese LanguageEdit : Grammar, Translation, Spacing
Submitted December 11, 2021 at 06:47PM
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