Government to allow crypto currency mining companies to invest in Sri Lanka

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Government to allow crypto currency mining companies to invest in Sri Lanka
Government to allow crypto currency mining companies to invest in Sri Lanka

Sri Lanka Cabinet approved a proposal to appoint a committee consisting of skilled professionals in the public and private sectors to attract investments of the companies are being operated in digital banking, block chain technology and crypto currency mining.

The committee will report to the Cabinet on the Acts, Rules and Regulations required to attract investments of the companies are being operated in these sectors.

The commencement of Smart Sri Lanka – Digitization, Block chain Technology, Crypto currency Mining and providing necessary Services to Sri Lanka.


The necessity of developing an integrated system that integrates digital banking, block chain technology and crypto currency mining and other essential services has been identified to facilitate the creation of a digital business environment. Many countries in South Asia have already begun to evaluate through this sector and develop the said sector, and prior attention needs to be given to taking the necessary steps enabling to deal with these countries on a competitive basis.

Accordingly, Cabinet of Ministers approved the proposal submitted by the Minister of Project Coordinating and Monitoring to appoint a committee consisting of skilled professionals in the public and private sectors to report to the Cabinet on the Acts, Rules and Regulations required to attract investments of the companies are being operated in these sectors, to approve crypto currency mining companies to invest in Sri Lanka and to allow the Board of Investment to take the necessary steps under the provisions of the Board of Investment Act No. 4 of 1978 and the related amendments. (LankaXpress.com)

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