To revitalize the financial sector, the Sri Lankan central bank pushes for the development of an accessible payment solution and the launch of CBDC, which it sees as a key to financial inclusion.
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.
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.
