Digital Currency: Beacon of Hope in Fight Against Myanmar Junta
"Digital currencies have played a pivotal role in backing Myanmar's Spring Revolution," following a military takeover of the government in February 2021, said NUG Deputy Minister of Planning, Finance and Development Min Zayar Oo, in a statement to VOA. The minister was appointed by the National Unity Government, or NUG, made up of members of Myanmar's former democratically elected government and other opponents of the junta. Centralized digital currencies, however, can be a double-edged sword, with authoritarian regimes seeking to use them as a tool for financial surveillance and censorship. "The primary advantage for pro-democracy activists lies in the fact that these currencies operate independently of government control, enabling individuals to offer support to their chosen recipients discreetly, without disclosing their identities," said Aung Paing, an expert on digital currencies…