The Central Bank of Myanmar has issued an official warning against the use and trade of cryptocurrencies, The Irrawaddy reports.
According to the bank, investing in bitcoin (BTC) or other cryptos may lead “to losses on the consumer’s side.”
It’s also should be noted that the Central Bank has not yet authorized or banned the use of crypto.
Moreover, Myanmar still has no specific legal framework to regulate cryptocurrencies.
Previously, Thailand's regulator, the Securities and Exchange Commission (SEC) of Thailand, expanded its list of cryptocurrencies allowed for ICOs and trading in the country.
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