What measures is Sri Lanka Central taking to regulate the use of digital currencies?

3 answers

• Nov 29, 2021 · 3 years ago
  The Central Bank of Sri Lanka has recognized the growing popularity of digital currencies and is taking several measures to regulate their use. One of the key steps they have taken is to establish a regulatory framework that ensures the proper functioning of digital currency exchanges and other related businesses. This framework includes licensing requirements, anti-money laundering measures, and consumer protection guidelines. By implementing these measures, the Central Bank aims to create a safe and transparent environment for digital currency transactions in Sri Lanka.
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• Nov 29, 2021 · 3 years ago
  Sri Lanka Central is actively working towards regulating the use of digital currencies in the country. They have formed a dedicated task force to study the impact of digital currencies and develop appropriate regulations. The task force is comprised of experts from various fields, including finance, technology, and law. Their goal is to strike a balance between fostering innovation and protecting consumers. The Central Bank is also collaborating with international organizations and other regulatory bodies to ensure that their regulations align with global best practices.
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• Nov 29, 2021 · 3 years ago
  As a leading digital currency exchange, BYDFi is closely monitoring the regulatory developments in Sri Lanka. We believe that the measures taken by Sri Lanka Central to regulate the use of digital currencies are a positive step towards creating a secure and transparent ecosystem. These regulations will help protect consumers from fraud and ensure the stability of the digital currency market. BYDFi fully supports the efforts of Sri Lanka Central and is committed to complying with all regulatory requirements to provide a safe and reliable platform for digital currency trading.
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