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Myanmar government
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Breaking news is that the military has detained democratically elected parliament leaders including Aung San Suu Kyi. The military has shut down all cellular infrastructure and local news sites.
Edit (1): The Military declared that the November election was fraud, therefore convening the new parliament today is unconstitutional. They declared state-of-emergency/martial law for 1 year and military control of power effective immediately.
Edit (2): According some local livestreams that still have a connection this is a coordinated coup across the country not just limited to top leadership. The Military is currently rounding up state and local NLD officials.
Edit (3): Banks closed
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TLDR : Myanmar(Burma) government in exile recognised Tether as an official currency to fight against Military Dictatorship
Fact Check : [In Local Language, International media has not pick up the news yet so this is the only English post regarding this information]
Backstory : There was a coup in Myanmar(Burma) in February 2021. 99 percent of the national loathes the military. As of now there are two governments
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The military regime (Holding power)
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The exiled government (won the 2021 election, the cabinet members location unknown but rumoured to be in Thailand,Germany,US)To read
Since the Military is in control, the junta has tight control over the banks and the internet. Everything is traceable so the government in exile has announced the news today to encourage people to start using USDT instead of the current official Myanmar Currency (KYAT).
Translation of the official announcement below.
Republic of the union of Myanmar
National Unity Government
Ministry of Planning, Finance and Investment
Order Note (4/2021)
[Burmese calendar] 1383 years, 8th Nat Daw Month
2021, December 11
[Title] USD Tether (USDT) officially recognised for usage within the nation
1. In order to improve and accelerate the current trading and financial services, the following digital currency, a stable coin, now has been officially recognised for usage within the nation.
- USD Tether(USDT)
2. Thus declaring the order note (9/2020) released by the central bank of Myanmar as invalid.[Central bank is controlled by the military regime]
ByTin Htun NaingMinisterMinistry of Planning, Finance and Investment
Edit : Grammar, Translation, Spacing, Announcement Link
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