One Year Imprisonment for Cryptocurrency Traders!

Faced with a military coup in February 2021, Myanmar now uses VPNs and cryptocurrency trading getting ready to ban.

Facebook, Instagram and Twitter are currently banned in the country. This causes many people to use VPNs.

The military junta uses VPNs to create more pressure and cut people’s ties with Earth. crypto coins He drafted a bill to ban it. The bill, signed by the permanent secretary of the Army’s Ministry of Transport and Communications, will be discussed by January 28.

A view from Myanmar

After the law is passed, those who use VPNs will face between one and three years in prison and a $2800 fine.

The bill includes a section on cryptocurrencies. Accordingly, those who use or trade cryptocurrencies will be sentenced to imprisonment from six months to one year.

Human rights defenders say the bans will undermine the work of pro-democracy organizations and benefit the military junta.

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