Digital banking, blockchain technology, and Cryptocurrency interim report handed over to Cabinet

November 24, 2021 at 5:03 PM

The committee appointed to study digital banking, blockchain technology, and Cryptocurrency has submitted its interim report to the Cabinet of Ministers. 

The Cabinet has approved a proposal submitted by the Minister of Development Coordination and Supervision to submit the final report of the Committee on the 30th of June 2022.

Cabinet approval has also been received to appoint two other technical professionals engaged in the relevant field for assisting the Committee.

On the 05th of October 2021, Cabinet approval was granted for the appointment of a committee to submit recommendations to the Cabinet on the rules and regulations that can be imposed for attracting investments to the companies related to digital banking, blockchain technology, and Cryptocurrency. 

Accordingly, a committee comprised of eight (08) members chaired by Mr. Sujeewa Mudaligewere was appointed for the purpose. 

The interim committee report submitted by the committee was tabled at the meeting of the Cabinet of Ministers that was held yesterday. (NewsWire)