Sri Lanka's central bank warns public against risks of crypto investment

by Aurelia Butler 9 April 2021, 11:00 169 Views

In a public notice published on April 9, the Central Bank of Sri Lanka, or CBSL, flagged up three types of crypto activities: cryptocurrency mining, investment in initial coin offerings and trading via cryptocurrency exchanges. All these, CBSL warns, expose investors to significant risks. As there are no regulatory safeguards in place for crypto activities in Sri Lanka, the institution has identified four main areas of concern for retail investors getting into cryptocurrency.

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Source: Cryptocurrency - investing.com

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Sri Lanka's central bank warns public against risks of crypto investment

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