Bitcoin banned in Sri Lanka

[nomenclatur]

Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ?

While many countries are becoming more loyal to cryptocurrencies, some countries still banish them and it seems unreasonable.

this kind of thing has often happened, so we don't need to worry too much, because it is the policy of each government, we can only hope that someday all governments can accept bitcoin, so that problems like this will no longer exist

[robin1991]

Yes the main bank of srilanka ban bitcoin not in srilanka but many countries ban crypto currency but soon the all country accept crypto currency even srilanka also refuse ban on it.

[RudeeTam]

If it were really banned, I don't think that it will be long before they figure out that they need cryptocurrency in their country. Some devveloped countries are already making bitcoin ATM machines so basically there something right in using it.

[kzr_sk]

The volume sold and bought in the country was already low, I think market won't be affected!

[Mr.grin]

I think Sri Lanka is not banning bitcoin, or crypto, but just giving a warning about the risk that can be received for those who want to enter the world of cryptocurrency. this has happened a lot in several countries. well, so far I know it like that.

[janithaMax]

It was a really bad new for those who like to invest in Sri Lanka

[Baksobakar]

really sad. whereas cryptocurrency can improve the economy of the people in Sri Lanka

[Naginiya]

Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ?

There are some ongoing discussions between the current government and the central bank of Sri Lanka regarding the public growing interest to use crypto assets into there business processes and I hope that this will not continue further more to make some regulations or restrictions to people who use crypto assets because if it happens that will be a huge problem for the crypto community in Sri Lanka and it's members

[Barcode_]

It was a really bad new for those who like to invest in Sri Lanka

I think the citizens of Sri Lanka who are interested to invest their money into bitcoin would eventually find a way to purchase bitcoin online, but I would say the government of Sri Lanka is obviously making a very bad decision to ban bitcoin, as the economic benefits that crypto-currencies could bring to a country would be huge in the future.

[chomli]

Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ?

If some nation want to progress, they will have to accept crypto.

Not necessarily but i partially agree with that argument

[AliceSusana88]

I think Sri Lanka's Main Bank (Bank of Ceylon) does not want to compete with people being their own banks.

[ryancollinscrypto]

Is there any official announcement for this?

[tooklau]

This is an unfortunate news. I think the reason why banks ban cryptocurrencies is because of its freedom, because we know that banks in most countries have economic power, and the decentralization mechanism of coins will cause banks to lose such right!

[euronine897]

Even I saw the article and I was thinking are we passing the last year or last couple months using Bitcoin and other crypto assets because if the government do something regarding this matter like they dealt with Facebook , WhatsApp, Twitter and other social media during last period all Sri Lankan crypto investors would face a huge problem and nothing we will able to do regarding such decisions     

[zarintasnim]

Its a very sad news for bitcoin and cryptocurrency that Sri Lanka central Bank ban bitcoin. They have on economic strategy and i think government take this decision. For this matter Sri Lankan crypto investor face lot of problem.

[CLAID]

Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ?

I think it will ban in Sri Lanka definitely some day when these things continues with any government Sri Lanka will have the same thing will happen because the government understanding towards cryptocurrency and its community is very bad and most politicians have no understanding about the potential benefits they can gain to Sri Lanka from cryptocurrencies and the other reason they are making these accusations because India took the same decisions because they have the same mind set like we do

[BitsBang]

Ohh noo, no drinking a tea for a bitcoin holders anymore!

[ACCOUNTSTRADER]

I think that they dont know very well what is BTC and cryptocurrencies...

[nyn8920]

Sri Lanka is a developing country and economy is not in a stable position. Might central bank believe if the crypto currency base trading increases inside the country it will impact on the  economical development in the country !

[makadaka]

I do not know what is the reason for the ban, but I think that this is not a serious player in the crypto currency market and therefore this news is unlikely to somehow negatively affect the market