Sri Lanka – DIGIT INFO

Bybit Announces $100,000 Humanitarian Aid for Sri Lanka After Cyclone Ditwah Floods

DIGIT — Mon, 01 Dec 2025 15:30:26 +0000

Cryptocurrency exchange provides emergency relief to support communities devastated by severe flooding across Southeast Asia, with 420 lives lost and tens of thousands displaced. Bybit has committed $100,000 in humanitarian aid to support relief efforts in Sri Lanka following Cyclone Ditwah. The disaster has caused catastrophic flooding across Indonesia, Malaysia, Thailand, and Sri Lanka, resulting […]

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

DIGIT — Thu, 06 Apr 2023 01:30:46 +0000

Sri 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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India to Facilitate International Settlements in Rupees to Reduce Dependence on the US Dollar

DIGIT — Mon, 03 Apr 2023 09:34:57 +0000

The government of India has announced that it will facilitate the settlement of international transactions using its national currency, the rupee. As part of its foreign trading policy framework implemented on April 1, the country introduced this measure to facilitate payments for countries experiencing a U.S. dollar crush. India to Offer Rupee-Based Settlement Options for […]

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Ark Invest on $1.4M BTC, Possible Julian Assange-Linked File on Bitcoin Blockchain — Week in Review

DIGIT — Sun, 12 Feb 2023 13:00:52 +0000

Investment management firm Ark Invest has offered three bitcoin price predictions in a new report, including a bull scenario where bitcoin could reach $1.48 million per coin. In other news, a 7zip file possibly linked to activist Julian Assange was reportedly discovered in the Bitcoin blockchain, and billionaire investor Tim Draper has encouraged the government […]

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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’

DIGIT — Sun, 05 Feb 2023 03:00:31 +0000

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

DIGIT — Sun, 17 Jul 2022 04:00:06 +0000

Sri 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 central bank reiterates crypto warning following protestors seizing president’s residence

DIGIT — Tue, 12 Jul 2022 19:45:00 +0000

Thousands of Sri Lankans took to the streets of Colombo in protest of the government’s response to the economic situation in the country.

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After Defaulting Sri Lanka Plans to Print $2.8 Billion Worth of Rupees, Inflation Rate Expected to Top 40%

DIGIT — Fri, 27 May 2022 04:30:26 +0000

The government in crisis-stricken Sri Lanka has said it will print more money and cut spending on infrastructure as part of an attempt to pacify the restive population. The government, however, concedes that printing more money will likely see the inflation rate rise to 40%. Printing More Money as the Solution After defaulting on its […]

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Sri Lanka’s E-commerce Platform Kapruka to Introduce Crypto Payments

DIGIT — Sun, 10 Oct 2021 18:00:18 +0000

Sri Lanka’s leading online retailer, Kapruka, has unveiled plans to introduce support for cryptocurrency payments. The news comes as the South Asian country intensifies efforts to adopt legislation tailored to regulate its blockchain space and attract investments from the crypto industry. Kapruka to Launch Cryptocurrency Payments Within Weeks Kapruka (Kapruka.com), a major e-commerce platform in […]

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Sri Lanka Appoints Committee to Draft Digital Currency Policy, Seeks Crypto Investments

DIGIT — Sat, 09 Oct 2021 22:00:01 +0000

In preparation to regulate its fintech space, the government of Sri Lanka has established a special committee tasked to formulate the country’s policy on digital banking and crypto-related activities. The committee comprises professionals from the public and private sectors. New Committee to Propose Rules for Blockchain Industry in Sri Lanka Sri Lankan authorities have unveiled […]

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