CB warns public against virtual currencies | Daily FT

Says no regulatory safeguards provided which increases risks Investors could be in violation of forex regulations, especially if using credit/debit cards CB reiterates no license or authorisation given to any entity or company Concerned of users unwittingly being exposed to large risks, funding terrorist activities The Central Bank yesterday warned the public against investment or dealing in virtual currencies as there are no regulatory safeguards under Sri Lankan law and as such users run significant risks including being in violation of foreign exchange regulations. Issuing a statement yeste…

Read More

HEDGE accordingly