Former CBM deputy governor U Bo Bo Nge is being charged by the military government on allegations that caused losses to the government.
May 17, 2022An order requiring all foreign currency held in bank accounts to be converted into local currency will not apply to businesses in special economic zones and most other foreigners.
April 27, 2022The shooting came days after an order requiring all foreign currency held in bank accounts to be converted to kyats. New limits are also being imposed on international cards issued by domestic banks.
April 11, 2022Myanmar's military regime is reportedly considering issuing a digital currency as a joint venture with local companies.
February 8, 2022US and Singapore officials have reportedly met to discuss ways to limit Myanmar's military from accessing financial assets overseas.
February 4, 2022Under the proposed law, using cryptocurrency may lead to imprisonment of 6-12 months in prison or fines up to USD 2800.
January 28, 2022The pro-democracy National Unity Government has reportedly begun using Tether as a proxy for the US dollar to raise funds for a campaign to topple the military regime.
December 14, 2021The latest sanctions actions cite attacks and human rights violations against the people of Myanmar, including the killing of children.
May 19, 2021Commercial banks have been ordered to resume full operations, or else transfer deposit accounts to state- or military-owned banks.
March 19, 2021The two adult children of the commander-in-chief of Myanmar’s military, Min Aung Hlaing, and six of their companies, have been designated by OFAC.
March 12, 2021