RE: Myanmar's Financial Situation And CTP Staking

almost 3 years ago

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This highlights the fact that the legacy banking system is built entirely on trust and when gone, there's no coming back.

Myanmar has lost this trust and you need to do everything you can to try and safely (without getting arrested!) get out.

In the meantime, focus on building alternative income streams that completely bypass the Myanmar Kyat (such as staking CTP like you're doing).

Then move income to Bitcoin and use BTC to be able to transact day to day, while also preserving what you have.

Far out Tin, this absolutely blows my mind.

Keep us updated with how you're personally navigating the financial system in Myanmar.

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5 comments

@tin.aung.soe 71

almost 3 years ago

Thank you.
Now is not the time to make a regular income. I do not have much money in my hand. Foreign currency transfer cards are also banned. I'm not sure how to use the internet regularly. I am going to save Crypto as I can.
Rather than fleeing, we have a responsibility to help those in need.
We will win. We must win.