The battle of crypto dreams in Myanmar 

Published by
Global Voices

Image courtesy Ameya Nagarajan Myanmar’s economy has been crippled after the coup of February 1, 2021. The World Bank estimated that it would shrink 18 percent annually. Consequently, the Myanmar kyat lost 60 percent of its value as of September 2021. This is an all-time low value: the black market value of Myanmar kyats (MMK) to US dollars (USD) was 2200 on September 17, 2021, down from the rate of 1330 before the coup. These facts portray people’s mistrust of the military formed State Administration Council (SAC). Specifically, people’s reliance upon the banking systems and the whole financi…

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