News

CBSL issues Warning on rising crypto scams

Published

4 months ago

January 17, 2024

editor

The Central Bank of Sri Lanka has once again warned the public about increasing number of financial scams, promising high returns based on crypto investments.

The Bank insists that it has not granted licences or given authorization to people or business for activities such as cryptocurrency operations, Initial Coin Offerings (ICOs), mining, exchanges, deposit-taking or custody services, or advisory services related to cryptocurrency.

The Bank while alerting the public on alarming rise in fraudulent activities related to crypto investments said that it is crucial to be aware of the tactics used by fraudsters to safeguard one’s finances and stay vigilant.

“Fraudsters utilize various tactics, exploiting social media to advertise schemes with high returns and often boasting about their claimed earnings.

This creates a false sense of legitimacy and attracts new participants. Further, scammers use platforms like Whatsapp and Telegram to communicate with victims”, the Central Bank message said.

The announcement said that Scam advertisements often lead to professional-looking websites, aiming to disguise their fraudulent nature. Some scammers go a step further by conducting classes or awareness sessions on these fabricated platforms, providing misleading information on earning high returns or trading cryptocurrencies.

After an investment is made, scammers may swiftly seize funds or continue the deception to attract more victims. It is crucial to recognize that you may not realize you’ve fallen victim to a scam until attempting to divest from your investment. Protecting Yourself from Scams Cryptocurrencies are unregulated in Sri Lanka, not considered legal tender, and lack regulatory safeguards.

The following entities were found promoting the involvement of cryptocurrencies:Sport Chain App, Sports Chain ZS Society Sri Lanka, OnmaxDT 3, MTFE App, MTFE SL Group, MTFE Success Lanka (Pvt) Ltd and MTFE DSCC Group (Pvt) Ltd.

Source – dailynews.lk

News

Colombo air show and CADE 2024 exhibition postponed to next year

Published

3 hours ago

May 18, 2024

editor

The Colombo Air Show and Defence Exhibition (CADE 2024), initially set to take place from May 29 to June 2 at Galle Face and Colombo Port City, has been postponed to next year, according to the Sri Lanka Air Force (SLAF).

The SLAF stated that the decision to reschedule the event was made in response to multiple requests from international partners, defence industry stakeholders, and foreign Air Forces. This postponement aims to enhance participation and provide a more diverse experience for spectators.

The rescheduled event will now be held from February 26 to March 2, 2025, coinciding with the 74th anniversary of the Sri Lanka Air Force.

News

Gurudev Sri Sri Ravi Shankar arrives in Sri Lanka

Published

3 hours ago

May 18, 2024

editor

The Global Peace Ambassador and Spiritual Leader Gurudev Sri Sri Ravi Shankar arrived in Sri Lanka this afternoon (18) for a three-day visit. He was welcomed at Bandaranaike International Airport (BIA) in Katunayake by State Minister of Defence Premitha Bandara Tennakoon and Eastern Province Governor Senthil Thondaman.

During his stay from May 18 to 20, Gurudev Sri Sri Ravi Shankar will participate in an event titled ‘Ekamuthuva: An Evening of Music, Meditation and Wisdom,’ which will be held at Taj Samudra on May 19. Renowned for his global humanitarian efforts and as a peace envoy, Gurudev Sri Sri Ravi Shankar is also an Indian yoga guru and the founder of ‘Transcendental Meditation’.

News

President leaves for Indonesia

Published

13 hours ago

May 18, 2024

editor

President Ranil Wickremesinghe has left for Indonesia this morning (18) to attend the 10th World Water Forum High-Level Meeting in Bali, at the invitation of Indonesian President Joko Widodo.

The 10th World Water Forum is being held from May 18th to 20th in Bali, Indonesia.

This significant gathering, themed “Water for Shared Prosperity,” will convene global leaders to address pressing issues related to water management and sustainability.

President Wickremesinghe left for Indonesia on Saturday, following an invitation from Indonesian President Joko Widodo, underscoring Sri Lanka’s commitment to international cooperation on water-related challenges.

Scheduled to deliver a keynote address on May 20th, President Wickremesinghe will articulate Sri Lanka’s perspective on achieving equitable access to water resources for all, the President’s Media Division said.

During the forum, President Wickremesinghe is expected to engage in bilateral discussions, including a meeting with President Widodo, to explore avenues for collaborative action in water resource management.

His delegation, comprising senior officials from the Presidential Secretariat and the Ministry of Foreign Affairs, reflects Sri Lanka’s comprehensive approach to addressing global water issues.

President Wickremesinghe’s participation underscores Sri Lanka’s proactive role in advancing sustainable solutions to ensure water security, not only domestically but also on the global stage, the PMD said.