Myanmar is like a quiet country for me when it comes to crypto business. If SkyBit will be successful, this will be like a stepping point for more blockchain projects to be introduced in their country. I don't know about their regulations when it comes to crypto. Do they have loose regulations with crypto business or is it easy to put up a crypto-related business in that country? Do you have merchants that are already accepting at least bitcoin as payment method?
The Bank of America Securities report also lists some of the worst investments of the decade. These include kyat - the local currency of Myanmar
Therefore, local residents are always looking for options for a reliable and profitable investment.