On 24 May, the Central Bank of Myanmar (CBM) announced that it will take action against unlicensed digital currency trading and hundi activities, as well as those manipulating foreign currency, in accordance with the Money Laundering Law and Financial Institutions Law.

The CBM is currently freezing bank accounts and initiating legal actions against individuals who fail to comply with this notice.

Since 24 May to June 4, the CBM has temporarily frozen 39 bank and pay accounts, with ongoing investigations into those involved. 

The public is urged to refrain from participating in illegal digital currency trading and hundi transactions to avoid financial losses.