Written by Amani Nilar
06 Oct, 2021 | 3:20 pm
COLOMBO (News 1st); In a landmark Cabinet Decision, the Government of Sri Lanka has approved establishing a committee to propose a policy on BlockChain Technology, Digital Banking & Crypto Mining.
The Media Center For National Development said that given the recent constraints on the outflow of forex, this is seen as a welcome & progressive move forward.
The Cabinet of Minister has approved a proposal presented by the Minister of Development Co-ordination and Monitoring to attract investments of companies being operated in digital banking, blockchain technology, and cryptocurrency mining sectors.
Accordingly, a committee consisting of skilled professionals in the public and private sectors will be appointed to inform the Cabinet of the Acts and regulations necessary to attract such investments.
Pointing out that many countries in South Asia had already begun assessing the relevant sector, the Cabinet of Ministers approved the relevant proposal to take necessary steps under the provisions of the Board of Investment Act No. 4 of 1978 as well.
#LKA is taking a leap fwd today as cabinet approves to establish a committee to propose policy on Block Chain Technology, Digital Banking & Crypto Mining! Forward thinking & proper regulatory framework will ensure that #LKA will lead the digital economy in the region.#futureready
— Namal Rajapaksa (@RajapaksaNamal) October 6, 2021
26 Oct, 2021 | 07:56 PM
26 Oct, 2021 | 06:35 PM
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