Sri Lanka Announces National Committee for Crypto Mining & Blockchain Technology

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BeInCrypto –

On Friday, October 8, 2021, Sri Lanka’s Department of Government Information published a press release that details a new initiative that will see a government-led effort to create a nationalized, “integrated system of digital banking, blockchain and cryptocurrency mining technology”.

The Department of Government Information (DGI) is part of Sri Lanka’s Ministry of Mass Media. It supports local and international media outlets, including the provision of “easy access to Government news and information”.

To achieve this: Namal Rajapaksa, Sri Lanka’s Minister of Project Coordinating and Monitoring, has established and appointed a committee that was subsequently approved by the Cabinet. The committee reports directly to the Cabinet with the aim of “attract[ing] investments and investors in the areas of Digital Banking, Blockchain & Blockchain-related industries such as cryptocurrency”.

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