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Sri Lanka Announces National Committee for Crypto Mining & Blockchain Skills

On Friday, October 8, 2021, Sri Lanka’s Division of Executive Records printed a press free up that well-known points a brand current initiative that can ogle a authorities-led effort to fetch a nationalized, “integrated gadget of digital banking, blockchain and cryptocurrency mining technology”. The Division of Executive Records (DGI) is piece of Sri Lanka’s Ministry…

Sri Lanka Announces National Committee for Crypto Mining & Blockchain Skills

On Friday, October 8, 2021, Sri Lanka’s Division of Executive Records printed a press free up that well-known points a brand current initiative that can ogle a authorities-led effort to fetch a nationalized, “integrated gadget of digital banking, blockchain and cryptocurrency mining technology”.

The Division of Executive Records (DGI) is piece of Sri Lanka’s Ministry of Mass Media. It supports local and international media outlets, alongside side the provision of “straightforward collect entry to to Executive news and files”.

To fetch this: Namal Rajapaksa, Sri Lanka’s Minister of Project Coordinating and Monitoring, has established and appointed a committee that used to be as a consequence of this truth authorized by the Cupboard. The committee experiences straight to the Cupboard with the aim of “appeal to[ing] investments and investors in the areas of Digital Banking, Blockchain & Blockchain-connected industries corresponding to cryptocurrency”.

The clicking free up claims that the Cupboard has clear a “necessity” of developing the aforementioned “integrated gadget”, which is on par with their world partners in the distance, as well to facilitating capability trade growth in “international markets”.

Sri Lanka’s Blockchain and Crypto Mining Committee 

Sri Lanka’s current committee is remitted to dwelling and suggest a “staunch framework” for cryptocurrency mining and blockchain technology initiatives and law – incorporating insights from researching the same activities by diverse countries. The press free up namely cites Dubai, Malaysia, the Philippines, Singapore, and the EU as examples to be studied by the committee.

A bunch of areas to be studied by the committee are authorized guidelines and laws almost about Anti-Money Laundering (AML), legal activities, terrorism financing, and the ‘Know Your Customer (KYC) processes.

Members appointed to this committee encompass:

Mr. Sujeewa Mudalige 

  • Chairman
  • Managing Associate – PricewaterhouseCoopers Sri Lanka

Mr. Viraj Dayaratne

  • President’s Counsel
  • BA (Colombo), LLM (Wales)

Mr. Rajeeva Bandaranaike

  • Chief Govt Officer, Colombo Stock Replace

Mr. Dharmasri Kumarathunge

  • Committee Member
  • Director, Funds & Settlements – Central Bank of Sri Lanka

Mr. Jayantha Fernando 

  • Committee Member
  • Director ICTA, Overall Counsel

Mr. Sandun Hapugoda

  • Committee Member
  • Director – Mastercard Sri Lanka & Maldives

Air Commodore (Retd) TGJ Amarasena

  • Committee Member
  • Chief Govt Officer – Sri Lanka CERT

Mr. Milinda Rajapaksha 

  • Convener to the Committee & Committee Member
  • Extra Director Overall, Dept. Govt. Records

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