Sri Lanka's Central Bank Warns About Crypto Amid Severe Economic, Political Crisis – Regulation Bitcoin News
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Central Bank of Sri Lanka issues warning about use of cryptocurrencies amid economic crisis. Central bank stressed that it “has not given any license or authorization to any entity or company to operate schemes” involving cryptocurrencies. Earlier this week, protesters stormed the former Sri Lankan prime minister’s compound. President Gotabaya Rajapaksa fled the country Wednesday and has been blamed for a deep economic crisis as Sri Lankans face acute shortages of food, fuel, and other basic supplies. Prime Minister Ranil Wickremesinghe was sworn in Friday as temporary leader of the country. The notice cites “recent development in relation to virtual currency usage in the international and domestic markets as well as the inquiries related to virtual currencies” Source