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Sri Lanka

29 January, 2024

Sri Lanka’s central bank mulls CBDC launch before end of 2024

To revitalize the financial sector, the Sri Lankan central bank pushes for the development of an accessible payment solution and...

Sri Lanka: Sports Chain execs face criminal charges over alleged pyramiding scheme

Business

Wahid Pessarlay

12 April, 2023

Sri Lanka: Sports Chain execs face criminal charges over alleged pyramiding scheme

The walls are caving in for the executives of Sri Lankan investment platform Sports Chain as authorities fight to have...

Sri Lanka central bank warns against digital assets investments amidst political unrest

Business

Wahid Pessarlay

17 July, 2022

Sri Lanka central bank warns against digital assets investments amidst political unrest

The Central Bank of Sri Lanka said citizens could invest in virtual currencies but at their own risk since the...

Sri Lanka central bank completes blockchain-based KYC proof of concept

Business

David Abel

5 November, 2021

Sri Lanka central bank completes blockchain-based KYC proof of concept

The Know-Your-Customer proof-of-concept project started in July 2019, while the development and testing of the experimental platform were completed on...

Sri Lanka forms committee to study digital currencies and blockchain

Business

Steve Kaaru

12 October, 2021

Sri Lanka forms committee to study digital currencies and blockchain

Sri Lanka’s Cabinet approved the formation of a committee that will study digital assets, blockchain technology, digital banking and block...

Sri Lanka picks proof-of-concept shortlist for blockchain-based KYC

Business

David Abel

12 July, 2020

Sri Lanka picks proof-of-concept shortlist for blockchain-based KYC

Sri Lanka’s central bank is looking for tech firms that can develop a PoC shared KYC platform to be used...

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Steve Kaaru

21 Nov 2024

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