The Central Bank of Myanmar (CBM) announced that it does not recognize cryptocurrencies as an official currency and anyone caught trading digital assets can be imprisoned or fined.
But local crypto enthusiasts dispute whether the pronouncements have any force in law.
Reported by the Myanmar Times, the country’s central bank issued an announcement on May 15 stating that financial institutions are not allowed to accept or facilitate transactions using digital currencies.
Continue read: https://www.thecoinradar.com/myanmar-central-bank-claims-crypto-is-banned-users-disagree/
