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Terrified Central Bank Attempts to Arrest Myanmar’s Bitcoin Binge

By CCN: An emerging economy which expects to attract $5.8 billion worth of Foreign Direct Investments is belittling its goals with an anti-technology stance. Myanmar is the latest developing country that is hinting to shut doors in the face of bitcoin, a decade-old global cryptocurrency which proposes to replace banks with a decentralized network of transaction validators and bookkeepers. Anybody with a decent internet connection can participate in the bitcoin economy, which further makes it an attractive asset for people with limited gateways to participate in global economies. Myanmar Could See Blockchain Powering its Stock Trading Markets https://t.co/NFbr1X0LMZ pic.twitter.com/kNlTvRKvRT —

The post Terrified Central Bank Attempts to Arrest Myanmar’s Bitcoin Binge appeared first on CCN

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