Myanmar’s parallel government is funding weapons and public services through a digital currency in a bid to break the junta’s grip on the banks. But progress is slow and the system has weaknesses that could limit its uptake.
A “collateral-free” loan scheme for small and medium enterprises launched by the Myanmar government in 2014 looks functional on paper, but business owners say it is nearly impossible to access and does not provide enough money to be useful.
BY Frontier
