Connect with us

News

Special attention on cryptocurrency promoters!

Published

on

The Financial Intelligence Unit of the Central Bank of Sri Lanka is paying special attention to people who promote cryptocurrency as a profitable investment method and people who exchange foreign currency through informal methods such as Undiyal and Hawala, it was reported.

According to Order No. 03 of 2021 issued under the Foreign Exchange Act No. 12 of 2017, Electronic Fund Transfer Cards such as Debit Cards and Credit Cards are not allowed to be used for payments related to cryptocurrency transactions. However, it was reported that cryptocurrency promoters have disregarded this order.

The relevant orders have been issued since cryptocurrency operates through informal means, and that it does not contribute to the national economy and it can also cause the country to lose a substantial amount of foreign currency.

The Central Bank of Sri Lanka through press releases issued in 2018, 2021 and 2022 has already emphasized the significant financial, operational, legal and security risks as well as consumer protection issues that users may face when using cryptocurrencies.

For those who do not have a crypto mining machine, it is mandatory to use electronic fund transfer cards such as debit cards or credit cards to receive crypto money.

An average crypto mining machine is said to cost between US$600 and US$20,000.

Meanwhile, ‘Sri Lanka Mirror’ paid attention to several people who promote cryptocurrency through the internet.

Some posts that promote cryptocurrencies on Facebook are shown below:

News

12-hr water cut in several areas of Colombo

Published

on

By

The National Water Supply and Drainage Board (NWSDB) has announced a 12-hour water cut from 8:00 a.m. to 8:00 p.m. on Sunday (May 25) in several areas, including Colombo, due to essential maintenance work at the Ambatale Water Treatment Plant.

Due to this, the public is urged to make prior arrangements and store an adequate supply of water to avoid inconvenience during the period of the suspension.

Accordingly, the water cut will affect the following areas:

  • Colombo 01 to Colombo 15
  • Sri Jayawardenepura Kotte
  • Kaduwela
  • Battaramulla
  • Kolonnawa
  • Kotikawatta
  • Mulleriyawa
  • IDH (Infectious Diseases Hospital) area
  • Maharagama
  • Dehiwala
  • Mount Lavinia
  • Ratmalana and Moratuwa

Continue Reading

News

Investigations underway to arrest 20 criminals hiding overseas

Published

on

By

The Ministry of Public Security states that investigations are underway to arrest 20 members of major organized crime gangs currently hiding overseas.

Minister Ananda Wijepala stated that Interpol has already issued red notices for their arrest and that the countries where these criminals are hiding have been identified.

He added that investigations into the group have been expanded in coordination with the Ministry of Foreign Affairs.

Since the new government came to power, 11 members of organized crime gangs hiding abroad have been brought back to the island and produced before courts.

Meanwhile, operations to arrest members of organized crime gangs involved in various criminal activities, including murder and drug trafficking, within the country are also ongoing.

The Minister added that the Police Special Task Force and the Criminal Investigation Department (CID) are jointly conducting investigations into the allegations against them.

Continue Reading

News

Ex-Minister Duminda Dissanayake arrested

Published

on

By

Former Minister and Anuradhapura District Organiser of the Sri Lanka Freedom Party (SLFP) – Duminda Dissanayake, has been arrested in connection with the ongoing investigation into the discovery of a gold-colored T-56 assault rifle at a luxury apartment complex in Havelock Town, Wellawatte.

The firearm, found earlier this week, led to the arrest of 03 suspects, based on information revealed during interrogations conducted in connection with the incident.

Continue Reading

Trending

Copyright © 2024 Sri Lanka Mirror. All Rights Reserved