Myanmar bans crypto through licensing and currency law, and it backs the ban with criminal penalties. The Central Bank of Myanmar issued Notification 9/2020 on 15 May 2020 with the stated purpose of preventing the financial loss that arises when members of the public use and trade digital currencies inside the country. Paragraph 2 anchors it: the CBM is the sole issuer and manager of domestic currency under sections 40(e) and 62 of the Central Bank of Myanmar Law; section 38 of the Foreign Exchange Management Law forbids anyone from carrying on foreign exchange business without a licence; section 159 of the Financial Institutions Law forbids anyone from operating as a non-bank financial institution without a CBM registration certificate.
The contract itself does not change by geography: a VVV perpetual settles in USDC everywhere.
The legal status above rules out a trading route for Venice Token exposure from Myanmar.
Capital gains tax in Myanmar is levied at 10% on gains from the sale or exchange of capital assets.
Trading VVV from Myanmar: banned.
The rule Venice Token traders in Myanmar face: Myanmar's Central Bank Notification 9/2020 of 15 May 2020 states it has not designated digital currencies as legal tender and has not permitted financial institutions to buy, sell or exchange them, with violations punishable by imprisonment or a fine.
Regulator for Venice Token trading in Myanmar: Central Bank of Myanmar issued the crypto prohibition and licenses banks, non-bank financial institutions and mobile financial services providers.
The Central Bank of Myanmar prohibits the sale, purchase, or exchange of digital currencies under Directive 9/2020.
Perpetual markets for stocks, gold, indices and pre-IPO names — settled on-chain, no wallet-to-exchange transfers.
