After Defaulting Sri Lanka Plans to Print $2.8 Billion Worth of Rupees, Inflation Rate Expected to Top 40%
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The government in crisis-stricken Sri Lanka has said it will print more money and cut spending on infrastructure as part of an attempt to pacify the restive population. The government, however,…
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Key Highlights A Rs 290 million ($1M) bank fraud case allegedly routed stolen funds through Binance crypto accounts. The court ordered the Central Bank of Sri Lanka to stop capital outflows exploiting crypto loopholes. Authorities were told to speed up investigations and launch public awareness campaigns on crypto fraud. Colombo…
Sri Lanka’s adoption of bitcoin and the ubiquity of artificial intelligence could turn it into a paradise for global entrepreneurs. This was stated by venture capitalist and billionaire Tim Draper, writes Daily Mirror. He noted that El Salvador and Estonia have undergone a similar transformation. The entrepreneur met with representatives…