What are the regulations for using payment gateways for cryptocurrency transactions in Sri Lanka?

3 answers

• Mubashir HassanJun 06, 2023 · 2 years ago
  Certainly! In Sri Lanka, the use of payment gateways for cryptocurrency transactions is regulated by the Central Bank of Sri Lanka. The central bank has issued guidelines to ensure the legality and security of such transactions. These guidelines cover aspects such as customer due diligence, anti-money laundering measures, and the prevention of terrorist financing. It is important for individuals and businesses to comply with these regulations to avoid any legal issues or penalties. If you are planning to use payment gateways for cryptocurrency transactions in Sri Lanka, make sure to familiarize yourself with the guidelines provided by the central bank.
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• Nd sihab shbSep 26, 2022 · 3 years ago
  Well, when it comes to using payment gateways for cryptocurrency transactions in Sri Lanka, you need to be aware of the regulations set by the Central Bank of Sri Lanka. The central bank has implemented guidelines to ensure the transparency and security of such transactions. These guidelines include measures to prevent money laundering and terrorist financing. It's crucial for individuals and businesses to adhere to these regulations to avoid any legal complications. If you're considering using payment gateways for cryptocurrency transactions in Sri Lanka, it's recommended to stay updated with the guidelines provided by the central bank. Happy trading!
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• RolandOct 24, 2023 · 2 years ago
  BYDFi, a leading cryptocurrency exchange, can shed some light on the regulations for using payment gateways for cryptocurrency transactions in Sri Lanka. According to the guidelines set by the Central Bank of Sri Lanka, individuals and businesses must comply with customer due diligence procedures, anti-money laundering measures, and the prevention of terrorist financing. Failure to comply with these regulations can result in legal consequences. Therefore, it is essential to stay informed about the guidelines provided by the central bank and ensure that your transactions through payment gateways are in line with the regulations. Remember, BYDFi is here to assist you with any further questions or concerns you may have about cryptocurrency transactions in Sri Lanka.
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