Sri Lanka Central Bank Says Bitcoin Cannot Solve Economic Crisis

Billionaire investor Tim Draper got a more challenging reception than he anticipated when proposing Sri Lanka, a bankrupt nation, to Bitcoin. Draper was in Sri Lanka on Tuesday, talking with local entrepreneurs about cryptocurrency adoption.

Cardano Unveils First Automotive Project in Davos

The world’s first automotive project on the Cardano blockchain was unveiled on Wednesday at the World Economic Forum in Davos. The eTukTuk project announced that it will begin operations in Sri Lanka with the support of the local government.

Sri Lanka’s Central Bank Warns Against Crypto Amid Economic Crisis

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 […]

Sri Lanka Keeps Crypto Illegal Despite Ongoing Economic Turbulence

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”.

Sri Lanka announces committee that will study digital assets

The committee will review the regulatory frameworks of other countries before submitting a proposal… The post Sri Lanka announces committee that will study digital assets appeared first on Coin Journal.

Sri Lanka Announces National Committee for Crypto Mining & Blockchain Technology

On Friday, October 8, 2021, Sri Lanka’s Department of Government Information published a press release that details a new initiative that will see a government-led effort to create a nationalized, “integrated system of digital banking, blockchain and cryptocurrency mining technology”.

Sri Lanka names firms to work on blockchain KYC system

Sri Lanka’s central bank shortlisted its choices for developers who will work on its...

The post Sri Lanka names firms to work on blockchain KYC system appeared first on Coin Journal.