• Tue. Jan 11th, 2022

    A committee of experts to formulate SL’s digital currency policy appointed – business news

    ByHazel R. Lang

    Oct 8, 2021

    The Government Department of Public Information yesterday announced experts from both the public and private sectors, who have been appointed to the committee to formulate Sri Lanka’s national policy on digital banking, blockchain and cryptocurrency mining.

    The committee is composed of Sujeewa Mudalige (chair), Viraj Dayaratne, Rajeeva Bandaranaike, Dharmasri Kumarathunge, Jayantha Fernando, Sandun Hapugoda, TGJ Amarasena and Milinda Rajapaksha.

    Sujeewa Mudalige is Managing Partner of PricewaterhouseCoopers Sri Lanka and has over 30 years of experience as a Chartered Accountant.

    Viraj Dayaratne PC is currently Chairman of the Sri Lanka Securities and Exchange Commission.
    Rajeeva Bandaranaike is CEO of the Colombo Stock Exchange.

    Jayantha Fernando is Director of the Information and Communication Technology Agency (ICTA) and chairs the drafting committee of the Sri Lanka Data Protection Act.

    Dharmasri Kumarathunge is Director, Payments and Settlements at the Central Bank of Sri Lanka.
    Sandun Hapugoda is Director of Mastercard Sri Lanka and Maldives.

    Air Commodore (Rtd /) TGJ Amarasena is currently the CEO of Sri Lanka’s Computer Emergency Preparedness (CERT) team.

    Political activist Milinda Rajapaksha is currently the Deputy Director General of the Government’s Information Department.

    Sri Lanka plans to draft the laws, rules and regulations necessary to attract investment in digital banking and blockchain technology and to facilitate investment by cryptocurrency mining companies in Sri Lanka.

    Minister Namal Rajapakse, in his capacity as Minister responsible for the coordination and monitoring of the project, this week requested the approval of the Cabinet of Ministers to appoint a committee composed of qualified professionals from the public and private sectors to draft a report on the laws, rules and regulations necessary to attract investment from companies operating in these sectors and to enable the Board of Investment (BOI) to take the necessary measures under the provisions of BOI Law No. 4 of 1978, to facilitate such investments .

    “The need to develop a system that integrates digital banking, blockchain technology and mining for cryptocurrency and other essential services has been identified to facilitate the creation of a digital business environment,” noted the Department of government information.


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