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?
Myanmar has not passed laws regarding cryptocurrencies, so everyone can buy and sell bitcoin and other cryptocurrencies
This is one advantage of developing this project in their country. Without any strict regulations when it comes to crypto, they can develop their project in whatever business model they want. However, they still need to register it as business. And the people in that area will not have any problem dealing with crypto so I guess, if they can market this to them, it will be a boost to their project.