STRANGE CRYPTO
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🇲🇲 Myanmar Crypto Situation
1. Informal Yet Thriving Usage
Despite being illegal for payments and facing regulatory crackdowns , crypto activity (especially USDT/BTC) is surging. Users rely on OTC desks, Telegram bots, USSD wallets, and QR payments .
Local innovations like rebel‑issued DMMK/nUSDT via NUGPay facilitate remittances and disaster‑relief donations .
2. Taxation & Regulation
Traders must pay a 10% capital‑gains tax, and crypto‑related income is taxed up to 25%, despite trading being illegal .
CBM actively freezes accounts and investigates crypto-linked transactions under AML laws .
3. Crypto for Aid & Resistance
In rebel-controlled areas, crypto supports “shadow salaries” for teachers, medical aid, and weapons procurement .
Following the March 2025 earthquake, BTC donations via Geyser Fund funded food aid, with ~2 million sats used to provide meals for survivors .
4. Scam Alert
In early 2025, hackers took over Myanmar junta leader Min Aung Hlaing’s X (Twitter) account to promote fake “national crypto” tokens .#TrumpTariffs
1. Informal Yet Thriving Usage
Despite being illegal for payments and facing regulatory crackdowns , crypto activity (especially USDT/BTC) is surging. Users rely on OTC desks, Telegram bots, USSD wallets, and QR payments .
Local innovations like rebel‑issued DMMK/nUSDT via NUGPay facilitate remittances and disaster‑relief donations .
2. Taxation & Regulation
Traders must pay a 10% capital‑gains tax, and crypto‑related income is taxed up to 25%, despite trading being illegal .
CBM actively freezes accounts and investigates crypto-linked transactions under AML laws .
3. Crypto for Aid & Resistance
In rebel-controlled areas, crypto supports “shadow salaries” for teachers, medical aid, and weapons procurement .
Following the March 2025 earthquake, BTC donations via Geyser Fund funded food aid, with ~2 million sats used to provide meals for survivors .
4. Scam Alert
In early 2025, hackers took over Myanmar junta leader Min Aung Hlaing’s X (Twitter) account to promote fake “national crypto” tokens .#TrumpTariffs
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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