{"id":54586,"date":"2021-12-13T16:01:15","date_gmt":"2021-12-13T14:01:15","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=54586"},"modified":"2025-09-03T21:10:54","modified_gmt":"2025-09-03T18:10:54","slug":"myanmars-shadow-government-recognises-usdt-as-an-official-currency","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/myanmars-shadow-government-recognises-usdt-as-an-official-currency\/","title":{"rendered":"Myanmar&#8217;s shadow government recognises USDT as an official currency"},"content":{"rendered":"<p>A group of supporters of the ousted Myanmar leader Aung San Suu Kyi has recognised Tether (USDT) as a means of payment. The parallel government has begun fundraising for a campaign aimed at toppling the military regime, Bloomberg reports.<\/p>\n<p>The opposition finance minister Tin Tun Naing wrote on Facebook that USDT \u201cwill ease and speed up trade, services and payment systems.\u201d<\/p>\n<p><iframe loading=\\\"lazy\\\" src=\\\"https:\/\/www.facebook.com\/plugins\/post.php?href=https%3A%2F%2Fwww.facebook.com%2FMoPFINUG%2Fposts%2F251268347104938&#038;show_text=true&#038;width=500\\\" width=\\\"500\\\" height=\\\"634\\\" style=\\\"border:none;overflow:hidden\\\" scrolling=\\\"no\\\" frameborder=\\\"0\\\" allowfullscreen=\\\"true\\\" allow=\\\"autoplay; clipboard-write; encrypted-media; picture-in-picture; web-share\\\"><\/iframe><\/p>\n<p>In May 2020, the Central Bank of Myanmar declared cryptocurrencies illegal, threatening offenders with fines and prison terms, the report notes.<\/p>\n<p>In September, an alliance of pro-democracy groups and the cabinet of Aung San Suu Kyi declared war on the regime of Commander-in-Chief Min Aung Hlaing. The move sparked an escalation in clashes between the military and resistance groups.<\/p>\n<p>In September, in El Salvador<a href=\"https:\/\/forklog.com\/en\/news\/el-salvador-legalises-bitcoin-as-government-buys-550-btc\"> a law recognizing Bitcoin as a legal means of payment<\/a> took effect.<\/p>\n<p>The IMF later <a href=\\\"https:\/\/www.imf.org\/en\/News\/Articles\/2021\/11\/22\/mcs-el-salvador-staff-concluding-statement-of-the-2021-article-iv-mission\\\">criticised<\/a> the Salvadoran authorities&#8217; decision.<\/p>\n<p>Subscribe to the ForkLog channel on <a href=\\\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A group of supporters of the ousted Myanmar leader Aung San Suu Kyi has recognised Tether (USDT) as a means of payment. The parallel government has begun fundraising for a campaign aimed at toppling the military regime, Bloomberg reports.<\/p>\n","protected":false},"author":1,"featured_media":54587,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1822,36,1245],"class_list":["post-54586","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-myanmar","tag-regulation","tag-tether-usdt"],"aioseo_notices":[],"amp_enabled":true,"views":"28","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/54586","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=54586"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/54586\/revisions"}],"predecessor-version":[{"id":54588,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/54586\/revisions\/54588"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/54587"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=54586"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=54586"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=54586"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}