In a last-ditch effort to restore democracy, Myanmar's ousted government seeks the help of the U.S. to use frozen funds as digital assets, while the ruling junta shows no signs of giving up power.
Enterprise blockchain services provider TAAL made history this week when it mined the biggest Bitcoin block at 3.87GB, which had 188,000 transactions and collected 9.7 BSV in fees.
The country’s military government said recently that it’s considering launching a digital currency to boost its economy, but the World Bank has shot the idea down, saying the country isn’t prepared enough.
The company has placed an order to purchase 800 digital currency mining machines that will be deployed at facilities in Southeast Asia.
Myanmar’s central bank has made its anti-digital currencies stand known, banning them in the country. But the citizens believe it has no legal right to do this.
Myanmar’s central bank has warned its citizens to steer clear of cryptocurrency, rather than educate them like some other countries have.
