On June 4, the Central Bank of the Military Council announced that 39 individuals were arrested for illegal digital currency trading and foreign currency transfers in accordance with the provisions of the Anti-Money Laundering Law and the Financial Institutions Law.
Trading and exchanging illegal digital currencies from the central bank. On May 24, the Military Council announced that action would be taken against foreign currency gamblers and foreign money transfer operators called hundi if they do so without a license.
From May 24th to June 4th, 39 people who played foreign currency and engaged in foreign currency transfers were investigated and their bank accounts and accounts were temporarily suspended.
After issuing this announcement, those who do not comply will have their accounts closed. He also said that he will file a lawsuit. The Central Bank of the Military Council has also informed people not to engage in illegal digital currency transactions and hundi money transfer operations.
Last June 3, the military council announced that 14 speculators were arrested and investigated for destabilizing the domestic and foreign exchange rates.
On June 2, the Military Council announced that 21 gold traders and brokers were arrested and investigated after the price of one kyat of bark gold in the domestic gold market reached 59,000,000.
It highlights the need for regulatory compliance.
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