2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Ethereum
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Tether
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Bitcoin
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Litecoin
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Detailed explanation-1: -The National Unity Government officially accepts Tether, a cryptocurrency meant to be a dollar proxy, for “domestic use to make it easy and speed up the current trade, services and payment systems, ” NUG Finance Minister Tin Tun Naing said Sunday in a Facebook post.
Detailed explanation-2: -The NUG describes the digital currency, known as the Digital Myanmar Kyat (DMMK), as performing the functions of a central bank digital currency (CBDC).
Detailed explanation-3: -According to Freeman Law, Myanmar still has no concrete policy or regulation which particularly addresses cryptocurrency.
Detailed explanation-4: -Binance is the largest crypto trading platform in the world with over 500 thousand active traders in Myanmar. Burmese crypto traders can buy Bitcoin (BTC), Ethereum (ETH), Cardano (ADA) and all major cryptocurrencies on Binance and also trade Binance Futures in Myanmar.