COLOMBO (News 1st); Cabinet approved to appoint a committee to report to the Cabinet on the Acts, Rules, and Regulations to attract investments and investors in the areas of Digital Banking, Blockchain & Blockchain-related industries such as cryptocurrency.

This committee will be mandated to study the regulations and initiatives of other countries such as Dubai, Malaysia, Philippines, EU, and Singapore etc, and propose a suitable framework for Sri Lanka.

The committee will also study the laws and regulations of other countries in terms of anti-money laundering, terrorism financing, criminal activities, and the Know Your Customer processes.

The committee comprises the following experts in their field:

Sujeewa Mudalige (Chairman)
Sadun Hapugoda
D. Kumarathunge
Jayantha Fernando
Milinda Rajapaksha.

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