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This summer, Myanmar’s government-in-exile, the National Unity Government (NUG), unveiled its own cryptocurrency called Digital Myanmar Kyat (DMMK). The goal was simple: bypass traditional banking systems controlled by the military junta, which has ruled Myanmar since the February 2021 coup.


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The newly launched cryptocurrency is pegged to the Myanmar kyat, which has fallen in value sharply due to political conflict. It runs on the open-source Stellar network and has seen over 50,000 transactions occur so far, resulting in $620,000 worth of crypto circulating.

This summer, Myanmar’s government-in-exile, the National Unity Government (NUG), unveiled its own cryptocurrency called Digital Myanmar Kyat (DMMK). The goal was simple: bypass traditional banking systems controlled by the military junta, which has ruled Myanmar since the February 2021 coup.

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