Sri Lanka News » Central News Sri Lanka » Central » Cryptocurrencies: Govt. signals regulated path for virtual assets, but crypto remains out
The Government this week sought to draw a clear distinction between regulating virtual asset service providers and legalising cryptocurrencies, reiterating that crypto-assets remain outside Sri ...
News Sri Lanka » Central » Cryptocurrencies: Sri Lanka central bank warns against use of cryptocurrency amid economic crisis
Sri Lanka has warned its citizens against using cryptocurrency, which it said is “largely unregulated” amid an ongoing political chaos in the South Asian nation. The country’s central bank, CBSL, said ...
News Sri Lanka » Central » Cryptocurrencies: Crypto rules move closer as Sri Lanka prepares AML overhaul
Sri Lanka is moving to bring cryptocurrency-related businesses within its anti-money laundering regime for the first time, with the Central Bank confirming that legislation now before Parliament is ...
News Sri Lanka » Central » Cryptocurrencies: Crypto earnings deemed as 'other income' by IRD
Sri Lanka, July 10 -- Eventhough, the Sri Lankan Rupee (LKR) remains the only recognized legal tender under the Central Bank of Sri Lanka Act, No. 16 of 2023, Cryptocurrency earnings in Sri Lanka are ...
News Sri Lanka » Central » Cryptocurrencies: When Sri Lanka’s crisis exploded, some were ready with generators and cryptocurrencies
The most striking thing about Sri Lanka’s economic crisis is how predictable it was. “That there would be a crisis was obvious since at least November 2020,” said Dhananath Fernando, COO of Advocata, ...