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Sri Lanka establishes a committee to oversee blockchain and cryptocurrency development.

The Sri Lankan government has formed an eight-member commission. As part of the newly established commitment, fintech specialists and banking authorities have been enlisted. The committee members will be observing the laws and regulations put in place by other countries that embrace cryptocurrencies as part of their investigation. Concerns aside, Sri Lanka will look at measures to limit the possibility of cryptocurrency being used for terrorist funding, money laundering, and other illegal activities.
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