
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 assets are not unregulated in the country.
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.
Sri Lanka’s Cabinet approved the formation of a committee that will study digital assets, blockchain technology, digital banking and block reward mining.
Sri Lanka’s central bank is looking for tech firms that can develop a PoC shared KYC platform to be used in the banking industry.
France is keen on launching the first CBDC ahead of China, as giants such a KT Corporation, Microsoft and China Mobile launched blockchain projects.
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.