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Sri Lanka Bank Warning: Sri Lanka’s Central Bank warns the public against crypto, know

Sri Lanka Crisis: The neighboring country of Sri Lanka is witnessing economic, political and social crisis. For many months, people in Sri Lanka are also facing huge difficulties to meet their daily needs. Sri Lankan President Gotabaya Rajapaksa has fled the country and people have attacked and captured government institutions in protest. In such a bad situation, now the central bank of Sri Lanka has warned the public against buying and trading virtual digital assets.

Central Bank of Sri Lanka warns
In a blog post, the Central Bank of Sri Lanka (CBSL) has advised its citizens to be cautious, saying that CBSL has not ordered any firm to license or grant permission to carry out cryptocurrency-related schemes. Also, CBSL has not given any permission or approval for crypto mining or crypto exchanges.

what was said in the advisory
CBSL has also asked the Sri Lankan public to be cautious about the crypto schemes going on in the global crypto market and has given a message to stay away from any kind of crypto fraud which can cause them economic loss. The Central Bank of Sri Lanka has issued an advisory for investors to be more alert amid the dire situation and this becomes even more important at a time when crypto schemes are seeing high financial risk.

There has been a huge decline in cryptocurrencies
CBSL has said that the people of Sri Lanka should avoid buying crypto and do not fall prey to different crypto schemes running on the internet. For information, let us tell you that in recent days there has been a huge decline in the cryptocurrency market and it has decreased tremendously from its historical high level of $ 2 trillion.

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