Myanmar’s military-ruled government is proposing to enact laws that will see users of virtual private networks and digital currencies being jailed for up to three years. In addition, offenders will be made to pay fines of up to $2,800.Myanmar’s military-ruled government is proposing to enact a law that outlaws the use of virtual private networks and digital currencies in that country. Once enacted, violators of the new law not only face jail time but will be made to pay a fine.
A draft bill signed by Soe Thein, the permanent secretary of the Military’s Transport and Communications Ministry, is currently open for comments. As suggested in the report, citizens will be allowed to comment on the draft until January 28.Reacting to the proposals, Alp Toker, the director of Netblocks — an internet monitoring company — is quoted in the report criticising the military government’s attempts to include provisions that were previously rejected by industry and civil society.
Toker argued that VPNs have been one of the ways Myanmar has stayed in touch with the rest of the world after the country’s military rulers that took power in February 2021, blocked social media platforms like Facebook, Twitter and Instagram.
Well..no more USDT as a national currency I guess.
What a blessing that I can freely use bitfinex and trade on it, earn income, and not have to report to anyone.
In the boom of technology, we can feel assured when go shopping online in the Uquid physical shop with Web 3.0
It is good. As we see all people start understanding that cryptos have only positive effect on a social and economical life.
what a joke, once again just shows how much people dont understand some things. there does need to be regulation to keep scams out and to protect investors but that is just plain stupid
If you have to be so scared of a free Society then for sure you are a failed Government
I am sad to see such news. While the whole world is on the path of accepting cryptocurrency and promoting it. Other countries are trying to ban and punish people.
You are not for Crypto. You are a misinformation account. That only send fud to the network. Never seen you posting a good news about crypto. Liar.
Aise hi hota raha to Bitcoin ki value 0 ho jaygi
Well, there were cities and governments that didn’t embrace Web 1.0 or Web 2.0; how’d that work out for them?
When jail for thinking ?
Hahaha Guys BTC 38/40/42/44/46K in ETH Dip Only Long Low Risk
This who will embrace the tech will survive
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