The walls are caving in for the executives of Sri Lankan investment platform Sports Chain as authorities fight to have them prosecuted for allegedly defrauding customers.
The Central Bank of Sri Lanka said citizens could invest in virtual currencies but at their own risk since the assets are not unregulated in the country.
The Know-Your-Customer proof-of-concept project started in July 2019, while the development and testing of the experimental platform were completed on June 10, 2021.
The Central Bank of Sri Lanka is looking for companies that are able to build a proof of concept shared Know-Your-Customer platform to be used in the banking industry.
