Central Bank of Sri Lanka Warns of ‘Significant Risks’ in Using and Investing in Crypto

Central Bank of Sri Lanka Warns of 'Significant Risks' in Using and Investing in CryptoSri Lanka’s central bank has issued a warning about “the significant risks associated with using and investing in cryptocurrency.” The central bank reminded the public that “cryptocurrencies are unregulated investment instruments which are not recognized as an asset class in Sri Lanka.” Sri Lanka’s Crypto Warning The Central Bank of Sri Lanka (CBSL) issued a […]

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Billionaire Tim Draper Urges Sri Lanka to Adopt Bitcoin — Central Bank Says ‘We Don’t Want to Make the Crisis Worse’

Billionaire Tim Draper Urges Sri Lanka to Adopt Bitcoin — Central Bank Says 'We Don't Want to Make the Crisis Worse'Billionaire investor and venture capitalist Tim Draper has reportedly attempted to convince the Sri Lankan government to adopt bitcoin. However, the governor of the Central Bank of Sri Lanka rejected his recommendation, emphasizing: “Adoption of 100% bitcoin won’t be a Sri Lanka reality ever.” Tim Draper Suggests Sri Lanka Adopts Bitcoin Billionaire investor and venture […]

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Sri Lanka’s Central Bank Warns About Crypto Amid Severe Economic, Political Crisis

Sri Lanka's Central Bank Warns About Crypto Amid Severe Economic, Political CrisisSri Lanka’s central bank issued a warning regarding the use of cryptocurrencies amid a devastating economic and political crisis. The central bank stressed that it “has not given any license or authorization to any entity or company to operate schemes” involving cryptocurrencies. Sri Lanka’s Central Bank Issues Notice About Cryptocurrency The Central Bank of Sri […]

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Sri Lanka’s Crypto Regulation: Central Bank Warns of Cryptocurrency Risks, Unlicensed Exchanges

Sri Lanka's Crypto Regulation: Central Bank Warns of Cryptocurrency Risks, Unlicensed ExchangesThe Central Bank of Sri Lanka has published a warning notice about the risks associated with cryptocurrency as interest and trading volumes of bitcoin and other cryptocurrencies surge locally and globally. Sri Lanka’s Central Bank Warns About Bitcoin The Central Bank of Sri Lanka has published a notice regarding cryptocurrency. “Considering the recent inquiries on […]

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