The leadership of the Central Bank of Sri Lanka believes that the adoption of decentralized cryptocurrencies will worsen the economic situation in the country.
During his last visit to Sri Lanka, American billionaire Tim Draper put forward the idea of recognizing bitcoin as a currency in the status of a legal tender. Such an initiative will help fight corruption in a country falling into a state of hyperinflation, the businessman is sure:
However, the other day, a key figure in the financial regulator of Sri Lanka, the chairman of the Central Bank, Nandalal Weerasinghe, said that the recognition of bitcoin would only worsen the economic situation:
“We will not accept bitcoin. 100% acceptance of cryptocurrency will never be a reality for Sri Lanka.”
Nandalal Verasinghe is sure that for the sake of the independence of the monetary system, it is critically important for Sri Lanka to preserve its own national currency. The authorities do not want to aggravate the crisis by accepting bitcoin, the official stressed.
Earlier, Tim Draper advised the authorities of Sri Lanka to better study the experience of El Salvador in recognizing bitcoin.
Source: Bits
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