Sri Lanka appoints committee to implement crypto mining and blockchain
The committee plans to propose a suitable framework for Sri Lanka after studying the regulations followed by international markets. Sri Lanka joins the global crypto adoption drive after setting up a committee for exploring and implementing blockchain and crypto mining technologies.A letter shared on Oct. 8 by Sri Lanka’s Director General of Government Information, Mohan Samaranayake, shows that the authorities have approved a recent proposal that aims to attract investments in the country’s blockchain and cryptocurrency initiatives. According to Samaranayake, the Sri Lankan authorities....
Related News
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 the composition of а newly established committee of experts gathered to formulate the nation’s policy in three key areas related to cryptocurrencies, the local Daily Mirror reported on Saturday.....
Sri Lanka has issued a notice regarding the stance of cryptocurrency warning citizens against it. Amidst an economic turmoil and a political chaos, the Central Bank of Sri Lanka (CBSL) mentioned that crypto remains “largely unregulated”. This notice was recently issued in the wake of “recent developments in relation to virtual currency usage”. Sri Lanka’s […]
The Central Bank of Sri Lanka, or CBSL, has cautioned the public against buying cryptocurrencies due to a lack of regulatory monitoring at a time of economic and political upheaval. Sri Lanka Maintain “Crypto Is Illegal” Stance A public awareness notice was released by Sri Lanka’s central bank on July 12 in response to “recent […]
A renowned economist who is a member of India’s Monetary Policy Committee says that a total cryptocurrency ban is difficult to implement and “would only increase illegal activities and participation in the darknet.” She believes that crypto assets should be regulated.
Monetary Policy Committee Member Says a Complete Crypto Ban Is Difficult to Implement
Ashima Goyal, a member of India’s Monetary Policy Committee, talked about cryptocurrency in an interview with PTI on Sunday. The Monetary Policy Committee (MPC) determines the policy interest rate....
A human rights organisation that works in Sri Lanka is now accepting bitcoin donations to protect the identities of supporters. The Sri Lanka Campaign for Peace and Justice, a London-based NGO that campaigns for "justice, human rights and reconciliation" in Sri Lanka, began taking bitcoin donations this week. So far, the NGO has received just over 1 BTC in donations. "There is a very real fear within Sri Lanka of retaliation by government forces if you are seen as working closely with international human rights organisations," said Fred Carver, the organisation's campaigns director.....