Cryptocurrency Q&A
Is Bitcoin illegal in Myanmar?
Is Bitcoin illegal in Myanmar?
Lucia
Thu Nov 07 2024
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7 answers
2011
I'm curious about the legal status of Bitcoin in Myanmar. Is it considered illegal to use, trade, or mine Bitcoin in that country? I would like to know if there are any official regulations or statements regarding this matter.
7 answers
SapphireRider
Fri Nov 08 2024
The Central Bank of Myanmar (CBM) holds the exclusive legal authority to issue currency within the country.
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Claudio
Fri Nov 08 2024
Financial institutions operating within the country are bound by the regulations set by the CBM.
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Stefano
Fri Nov 08 2024
Currently, the CBM has not granted any permission to these financial institutions to trade digital currencies.
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EclipseChaser
Fri Nov 08 2024
This authority is granted to the CBM by the Central Bank of Myanmar Law.
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Silvia
Fri Nov 08 2024
Despite the rise of digital currencies globally, the CBM does not recognize them as official currency.
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