Sri Lanka's Central Bank Reiterates Crypto Warning Following Protests

Sri Lanka’s Central Bank Reiterates Crypto Warning Following Protests

– The Central Bank of Sri Lanka has warned the public against buying cryptocurrencies due to the lack of regulatory oversight.

– The CBSL has said that it has not authorized or licensed any company in Sri Lanka to offer crypto-related services, including exchanges, initial coin offerings and mining.

– The central bank has warned that virtual currencies are considered as unregulated financial instruments and have no regulatory oversight or safeguards.

– The public is therefore warned of the possible exposure to significant financial, operational, legal and security risks by investing in virtual currencies.

 

 

Sri Lanka's Central Bank Reiterates Crypto Warning Following Protests
Sri Lanka's Central Bank Reiterates Crypto Warning Following Protests 3

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