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Home Blockchain & Crypto

Myanmar’s National Unity Government to sell its treasury bonds with USDT

idigital news by idigital news
December 29, 2021
Reading Time: 1 min read

National Unity Government of Myanmar (NUG) announced on Tuesday that its treasury bonds can be bought with stable cryptocurrency, USDT. NUG decided to sell the treasury bonds in November to establish itself as the legitimate government of Myanmar after the military seized power in the country in February.

Statement about treasury bonds to be sold by USDT

On December 8, NUG’s Finance Minister Tin Tun Naing declared the acceptance of tether, also known as dollar proxy, for domestic purposes and ease and speed of trade, services and payments. This undermines the crypto ban imposed by the Central Bank of Myanmar in May last year. 

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NUG aimed to raise 1 billion USD by selling treasury bonds for the revolution to restore the democracy in Myanmar.

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