This clarification has been made in the face of ever-increasing public outcry
Accordingly, the Central Bank of Sri Lanka reiterates to the public the risks to be aware of when using and investing in cryptocurrencies.
The central bank points out that cryptocurrency is a type of virtual currency that is privately generated without the intervention of a recognized financial authority in a country.
Cryptocurrency is a digital representation of value implemented using cryptography and distributed ledger technology or similar technology.
The announcement issued by the Central Bank in this regard is seen below