Category: Myanmar

In 2024, Myanmar, formerly known as Burma, presents a unique and complex case in the global landscape of cryptocurrency regulation. The country’s approach to digital currencies is influenced by its distinct socio-political context and the challenges of a transitioning economy. The government of Myanmar, along with its central financial...

As of the years leading up to 2024, Myanmar’s stance on cryptocurrencies was marked by caution and a lack of comprehensive legal frameworks. The Central Bank of Myanmar (CBM) had not recognized cryptocurrencies as legal tender, leading to a somewhat ambiguous regulatory environment. Legal Status and Regulatory Approach Legal...