Sri Lanka's Central Bank warns the public against crypto, know what it said
The neighboring country of Sri Lanka is witnessing economic, political and social crisis.
In such a bad situation, now the central bank of Sri Lanka has warned the public against buying and trading virtual digital assets.
The Central Bank of Sri Lanka (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.
CBSE has also asked the Sri Lankan public to be alert to the crypto schemes going on in the global crypto market.
And the message has been given that stay away from any kind of crypto fraud which can harm them financially.
Sri Lanka's Central Bank has issued an advisory to investors to be more alert amid the deplorable situation
And this becomes even more important at a time when crypto schemes are seeing more financial risk.
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.