News with the tag "Myanmar"

Efforts to trade using national currencies are intensifying, as nations aim to reduce reliance on the U.S. dollar and Western financial systems while boosting economic independence. Russia’s Plans for National Currency Payment Systems Signal Declining Dollar Use Countries worldwide are increasingly ...

Bitcoin is much more than just an investment asset for developed economies, it can be a tool for innovators all over the world currently walled out of the global economy.

Myanmar’s got its eyes on the BRICS prize, keen as ever to hop on the bandwagon and start dealing in the BRICS currency come 2024. The country’s fully on board with what the BRICS crew is laying down, currency-wise. Kan Zaw, the big cheese in charge of Investment and Foreign Economic Relations in My...

Chainalysis report reveals Myanmar-based romance scammers amassing $100 million in crypto, underscoring the nexus between illicit activities and digital assets. A criminal gang based in Myanmar has netted $100 million worth of crypto from victims over the past two years…

A company in Myanmar, KK Park, scammed unsuspecting victims of over $100 million in crypto using romance and ransom schemes. Tether tokens were used in the scams, exploiting their stability The post Myanmar-Based Company, KK Park, Scammed Victims Over $100m In Crypto appeared first on BitcoinWorld .

In recent developments, Electricite du Laos (EDL) announced on August 24 that the power company shut down cryptocurrency mining activities. This decision came after this summer’s unprecedented heat surge escalated electricity demands. Furthermore, these mining operations have reportedly been default...

Myanmar is all set to launch its first fully crypto-based banking institution, the Spring Development Bank, on July 22. The Spring Development Bank, named after the Spring Revolution, aims to grant the country’s shadow government National Unity Government (NUG) access to financial services and fundi...

The National Unity Government bank is set to run on Polygon and do currency swaps via Uniswap v3 pools and USDT stablecoins.

The Spring Development Bank is Myanmar’s first financial institution to run entirely on crypto and blockchain.

The leaders of 10 Southeast Asian nations, members of the Association of Southeast Asian Nations (ASEAN), have agreed to “encourage the use of local currencies for economic and financial transactions.” The group comprises Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, ...