Digital assets cannot be used for payments in Sri Lanka, Central Bank Governor says

Daily Mirror reports that Sri Lanka’s monetary authority said plans to develop a more digital financial system must proceed with safeguards for the rupee and financial stability.

Newswire reports that Central Bank Governor Dr. Nandalal Weerasinghe said digital assets, which are also called virtual assets, are not permitted as a means of payment in Sri Lanka.

Newswire also reports that the Central Bank raised concerns about online attacks, fraud and breaches involving financial data in the digital-finance sector. The reports supplied no further details about the warnings or any measures to address those risks.

Written automatically by AI from the outlets’ own reports, and not reviewed by an editor. It can be wrong — the original report is the authority.