Myanmar’s shadow government has recognized tether (USDT) as its official currency - with plans to use the stablecoin to collect funds for a campaign against the country’s military junta.
The National Unity Government (NUG), an entity set up by the supporters of Myanmar’s ousted prime minister Aung San Suu Kyi, is embracing tether following the May decision by the Central Bank of Myanmar which declared cryptocurrencies illegal. Violators are threatened with prison and financial penalties,
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