Sri Lanka finally joins the crypto bandwagon; Govt. sets up a new crypto-focused committee

The global adoption rate of crypto has been shooting across the sky and Sri Lanka did not want to be left behind. The country hoped on to the crypto wagon and its latest initiative made it clear that it was interested in the industry. The crypto-verse witnessed massive growth particularly over the last couple of […]

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

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

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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