2 sourcesUpdated
Digital assets cannot be used for payments in Sri Lanka, Central Bank Governor says
Central Bank Governor Dr. Nandalal Weerasinghe has reiterated that digital assets, also known as virtual assets, cannot be used for…
Summary
He acknowledged that emerging technologies, including digital assets, could create new opportunities for the financial sector but stressed the need for clear regulations and appropriate safeguards. The Governor also warned that certain digital assets could expose consumers to significant price volatility and facilitate illicit financial activities.
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