Sri Lanka's central bank warns crypto pyramid schemes are punishable
- —CBSL said taking part in pyramid schemes is an offense with legal consequences
- —The warning targets crypto investors amid a rise in scam schemes
- —The regulator urged due diligence on projects promising high returns
Why it matters: It signals tighter scrutiny of crypto in Sri Lanka, raising compliance risk for local projects and putting pressure on promoters of high-yield schemes.
Source: Coinfomania
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