Public awareness in relation to the use of Virtual Currencies in Sri Lanka considering the recent developments in relation to virtual currency usage in the international and domestic markets as well as the inquiries related to virtual currency, the Central Bank of Sri Lanka (CBSL) wishes to inform the public of the following:
Virtual Currencies (VCs) are largely unregulated digital representations of value that are issued by private entities and can be electronically traded.
As notified to the public previously by CBSL through press releases in 2018 and 2021, CBSL has not given any license or authorization to any entity or company to operate schemes involving VCs, including cryptocurrencies, and has not authorized any Initial Coin Offerings (ICO), mining operations or Virtual Currency Exchanges.
