A spokesman for the State Administration Council says the Myanmar military government plans to establish a digital currency to support domestic payments and boost the economy within the year and is assessing how to move forward, according to a Bloomberg report.

“We are undecided whether we should do it as a joint venture with local companies or by the government alone,” said Major General Zaw Min Tun, who is deputy information minister in the junta that toppled civilian government a year ago. “A digital currency will help improve financial activities in Myanmar.”

This proposal comes two months after the National Unity Government (NUG) recognized Tether (USDT) as an “official currency” for use in a fund-raising campaign that seeks to oust the military junta.

Central banks around the world have been working for years to develop digital currencies, with some planning to deploy them for retail transactions and others opting to restrict them to interbank use, according to the Bloomberg report.

China, whose digital yuan project is among the most advanced, has been developing it since at least 2014.

“We think the country is not in the best position to be able to pursue something like this,” Kim Edwards, the World Bank’s senior economist for Myanmar, said at a press conference last week. It would need a very good regulatory structure and high capacity within the administration to make it happen, he said.

Win Myint, the director-general of Central Bank of Myanmar’s currency-management department, said that at this point, they are still learning about digital currencies and having discussions, and looking at the pros and cons.

A number of countries have been looking into cryptocurrencies.