The Central Bank of Sri Lanka has put out a warning of the possible exposure to significant financial, operational, legal, and security-related risks posed by investments in virtual currencies, essentially cryptocurrencies, while asking them not to fall prey to such types of virtual schemes offered through the Internet.
The warning came as new Prime Minister Ranil Wickremesinghe on Wednesday ordered imposition of curfew in the Western Province with immediate effect and emergency law island wide.
Furthermore, debit cards and credit cards are not permitted to be used for payments related to virtual currency transactions, as the latter are considered unregulated financial instruments and have no regulatory oversight or safeguards relating to their usage in Sri Lanka, the statement added. Sri Lanka Crisis: Central Bank Warns Public on Possible Risks in Cryptocurrency Trade.