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 ...
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Sri Lankan officials maintain crypto snub despite economic collapse
The Central Bank of Sri Lanka (CBSL) reiterated its anti-crypto stance in a new notice dated July 12. It confirmed that no entities are authorized to carry out digital asset activities, warning that u...
Sri Lanka’s Revolution Holds Lessons For Emerging Markets
Sri Lanka’s President Gotabaya Rajapaksa speaks during the opening ceremony of the UN Climate Change … [+] Conference COP26 in Glasgow, Scotland on November 1, 2021. Andy Buchanan/Pool via...
Sri Lanka’s Central Bank Keeps Crypto Illegal Amid Economic Collapse
The Central Bank of Sri Lanka (CBSL) has issued a notice on cryptocurrencies reiterating its stance as the country’s economy continues to crumble. On July 12, Sri Lanka’s central bank issued a public ...
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 ...
Sri Lanka’s central banks says crypto remains illegal amid economic turmoil
Amid the ongoing financial turmoil in Sri Lanka that has seen the nation run out of cash, cryptocurrencies have been fronted as a possible solution to rescue the country. However, the Central Bank of ...
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...
Sri Lankan Rupee Falls to a Historic Low – is Bitcoin an Alternative
The Sri Lankan rupee has hit a historic low as it experiences a tremendous economic and political crisis. At the same time, bitcoin trading volume in the country has been going up. The Sri Lankan rupe...
Sri Lanka’s Leaders Face Mounting Pressure As Economic Crises Grows
The second major protest calling for the resignation of President Gotabaya Rajapaksa was held in … [+] Colombo, Sri Lanka on 18 March 2022. Akila Jayawardana/NurPhoto via Getty Images As the wor...
Organic Agriculture Nightmare Tanks Sri Lanka’s Economy
A tea plantation near the Nuwara Eliya plateau at an elevation of 1,900 meters. Government-forced … [+] organic farming methods have devastated the industry and the people in it. Vyacheslav Arge...