What is Bitcoin doing in Myanmar (Myanmar Bitcoin)
What is Bitcoin doing in Myanmar? According to official news, the Myanmar govern
What is Bitcoin doing in Myanmar? According to official news, the Myanmar government has issued a “Bitcoin bill”, under which anyone can use Bitcoin to purchase goods or services. The currency in Myanmar is the fiat currency (US dollar), and if remittances are made in Chinese yuan, a certain amount of financial support will be obtained, and the exchange will be completed through banks or other channels. What is Bitcoin doing in Myanmar? Bitcoin’s development and circulation within the United States has been very rapid, with multiple uses currently available.
Myanmar Bitcoin
According to Myanmar Daily News, after the Myanmar government announced the implementation of cryptocurrency transactions for local residents, the value of Bitcoin began to rise. According to the Bangkok Post on Friday, Myanmar is the first country in the world to use blockchain technology for cross-border trade. The country is seeking to achieve the goals of digital payment and settlement systems through the “decentralized” characteristics of distributed ledger technology. RongSinghWon, Deputy Governor of the Central Bank of Myanmar, said, “In this way, we can provide a way for the people to obtain economic benefits.”
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