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Sri Lanka establishes a committee to oversee blockchain and cryptocurrency development

 

The Sri Lankan government has created an eight-member commission. Fintech experts and banking officials have been enlisted to serve on the committee as members. The members of the committee will adhere to the laws and regulations that have been put in place by other countries that have adopted cryptocurrency as a legal tender. According to an official statement issued by the Sri Lankan government, the country is the first in the world to make use of the technology in question.

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