Billionaire investor Tim Draper recently took a trip to Sri Lanka to promote bitcoin to the nation’s central bank only to be kicked out unceremoniously. Tim Draper Tries to Bring BTC to Sri Lanka Whil...
Tag: Lanka
Sri Lanka Shoot Down BTC Pitch by Tim Draper
Billionaire investor and Bitcoin evangelist Tim Draper visited the Central Bank of Sri Lanka to promote Bitcoin as a solution to combat corruption. Despite Draper’s efforts, Governor Nandalal Weerasin...
Sri Lanka against Bitcoin adoption, rejects Draper’s anti-corruption pitch
On a recent visit to Sri Lanka, American billionaire Tim Draper pitched the idea of adopting Bitcoin (BTC) as a legal tender to fight against the corruption that contributed to hyperinflation in the i...
Sri Lanka Rejects Billionaire Tim Draper’s Proposal of Bitcoin Adoption
37 mins ago | 2 mins read Bitcoin News Tim Draper sought to persuade the government and central bank to accept bitcoin. Sri Lanka’s GDP shrank by 8% in 2022 and its benchmark inflation rate was 54.2% ...
Billionaire Tim Draper Urges Sri Lanka to Adopt Bitcoin — Central Bank Says ‘We Don’t Want to Make the Crisis Worse’ – Regulation Bitcoin News
Billionaire investor and venture capitalist Tim Draper has reportedly attempted to convince the Sri Lankan government to adopt bitcoin. However, the governor of the Central Bank of Sri Lanka rejected ...
Sri Lanka Central Bank Says Bitcoin Cannot Solve Economic Crisis
Billionaire investor Tim Draper got a more challenging reception than he anticipated when proposing Sri Lanka, a bankrupt nation, to Bitcoin. Draper was in Sri Lanka on Tuesday, talking with local ent...
Sri Lanka Dismisses Tim Draper’s Idea to Combat Corruption With Bitcoin
Nandalal Weerasinghe – Governor of the Central Bank of Sri Lanka – rejected Tim Draper’s idea to eliminate corruption in the country by embracing bitcoin. The banker argued that adopting the primary c...
Billionaire pitches Bitcoin to Sri Lanka, gets snubbed
Billionaire investor Tim Draper recently pitched Bitcoin adoption to Sri Lankan officials. The pitch was shot down by the Governor of the Central Bank. Pro-crypto investor Tim Draper’s recent trip to ...
Tim Draper asks Sri Lanka if it has ‘the guts’ to adopt bitcoin
Venture capitalist Tim Draper has built a name for himself as the boy who cried bitcoin. In 2018, he predicted bitcoin would reach $250,000 by the end of 2022. Now, he’s “100% sure” it’ll reach that v...
Central Bank of Sri Lanka insists Bitcoin will not fix economic crisis
Tim Draper’s attempt to bring Bitcoin to Sri Lanka was firmly rejected by the country’s President Ranil Wickremesinghe, according to Bloomberg News. Despite President Wickremesinghe declaring the coun...
Sri Lanka rejects billionaire Tim Draper’s Bitcoin pitch to tackle corruption
Tim Draper, a prominent cryptocurrency advocate, and billionaire investor faced unexpected resistance during his recent visit to Sri Lanka. The Silicon Valley entrepreneur was in the country to film a...
World’s first Cardano-based electric vehicle project to debut in Sri Lanka
As the blockchain and cryptocurrency industry continues to expand despite crashing markets, manufacturers of electric vehicles (EVs) are increasingly interested, and one of them has announced the debu...
World’s First Cardano-based Automotive Project to Launch in Sri Lanka
– Advertisement – The project aims to address concerns surrounding the use of electric vehicles while concurrently promoting climate action. eTukTuk, the world’s first Cardano-based automo...
Namibia’s Stunning Upset Over Sri Lanka Makes A Mockery Of Cricket’s T20 World Cup Format
JJ Smit (R) starred in Namibia’s upset over Sri Lanka (Photo by MARTIN KEEP/AFP via Getty Images) AFP via Getty Images It took just one match to make a mockery of the T20 World Cup format. In th...
Sri Lanka Tells Its Citizens to Avoid Crypto
The nation of Sri Lanka is warning citizens and telling them to avoid using or trading digital currencies whenever possible. Sri Lanka Appears to Be Very Anti-Crypto The warning comes at a moment when...
The Central Bank of Sri Lanka Warned Citizens Against Crypto Transactions
Bitcoin News Protesters broke into the property of Sri Lanka’s former prime minister earlier this week. Virtual currency use in the foreign and local markets are included in the notification. This wee...
What Crypto Warnings Central Bank of Sri Lanka Issued Amid Political Tremble?
On Tuesday, 12th July, The Central Bank of Sri Lanka (CBSL) went on to publish a notice. CBSL notice titled as Public Awareness in Relation to the Use of Virtual Currencies in Sri Lanka – outlin...
Sri Lanka cautions against use of crypto amid economic crisis –
Sri Lanka has cautioned its residents against utilizing cryptographic money It said is to a great extent unregulated in the midst of a continuous political disorder in the South Asian country The adm...
Sri Lanka commits to crypto-restrictions despite economic crisis
Due to a lack of regulatory oversight at a time of economic and political upheaval, the Central Bank of Sri Lanka, or CBSL, has advised the public against purchasing cryptocurrencies. In a notificatio...
Sri Lanka Keeps Crypto Illegal Despite Ongoing Economic Turbulence
Sri Lanka has issued a notice regarding the stance of cryptocurrency warning citizens against it. Amidst an economic turmoil and a political chaos, the Central Bank of Sri Lanka (CBSL) mentioned that ...
Sri Lanka central bank reiterates crypto warning following protestors seizing president’s residence
Amid economic and political turmoil, the Central Bank of Sri Lanka, or CBSL, has warned the public against crypto purchases due to the lack of regulatory oversight. In a Tuesday notice, the CBSL said ...
What’s Happening in Sri Lanka? What to Know About the Protests and Economic Crisis
Sri Lanka’s sovereign-debt crisis has crippled its economy and sparked months of political turmoil and public unrest. With its foreign reserves drained to near zero, the South Asian nation fell into d...
Sri Lanka Stocks Plunge, Ending Trading 32 Minutes After Reopen
(Bloomberg) — Stocks in Sri Lanka plunged, triggering a trading halt for the rest of the day, lasting barely 32 minutes after the market opened for the first time in two weeks. Most Read from Bl...