Myanmar’s military government considers launching digital currency: Report By Cointelegraph

The armed forces of Myanmar, which have been in control of the government since forcibly detaining many elected leaders in 2021, is reportedly planning to release a digital currency to help the local economy.

According to a Thursday report from Bloomberg, Major General Zaw Min Tun said rolling out a digital currency would “help improve financial activities in Myanmar,” but military officials were undecided on whether to work with local companies or release the token on their own. Tun, the chief of the military government’s “True News Information Team,” acts as a spokesperson for the Myanmar army.