Apple acquires UK’s open banking startup Credit Kudos
Credit Kudos, a UK open banking startup that helps lenders make better decisions, has been acquired by US tech giant Apple. The deal closed earlier this week, according to three…
Ratmalana airport resumes international flights
The Colombo International Airport Ratmalana (CIAR) resumed scheduled international and regional flights after a lapse of 55 years. Accordingly, Flights between Sri Lanka and the Maldives will be operated by…
FreeBalance Wins PFM Reform Award in Sri Lanka
Ottawa-based FreeBalance Inc, a global Public Financial Management (PFM) solutions and advisory services firm, was recognized with the ‘Excellence in Public Finance Reform’ award at the Asian Digital Finance Forum…
OECD plans on a new tax transparency framework for crypto-assets
The OECD has released a public consultation document concerning a new global tax transparency framework to provide for the reporting and exchange of information with respect to crypto-assets, as well as proposed…
GemVault Fintech Becomes First-ever Sri Lankan Company to be listed on Bitcoin.com
GemVault Fintech (PVT) Ltd., the mother company of GemPay, a cryptocurrency payment gateway and processor has now been listed on Bitcoin.com under Bitcoin Maps. Bitcoin Maps is a leading tool…
Big four consultancy firms to cease operations in Russia and Belarus
The big four consulting firms — Deloitte, KPMG, EY and PwC have announced the withdrawal of operations in Russia and Belarus over Moscow’s invasion of Ukraine. A spokesperson for KPMG…
Grow Announces the Opening of its Sri LANKA OFFICE
GROW, an incubation service for blockchain and emerging technology projects, has announced the opening of its operational offices in Sri Lanka. Located in One Galle Face Tower, Colombo, the GROW…
Sri Lanka’s Legislature Passes Data Protection Law
Sri Lanka’s first-ever Personal Data Protection Bill was passed in parliament yesterday with amendments amidst growing privacy concerns. The Bill was tabled by the Minister of Justice Ali Sabry. The…
Coinbase Is Latest Exchange to Deny Ukraine Request to Block Russian Crypto Users
DeCrypt: Coinbase “will not institute a blanket ban on all Coinbase transactions involving Russian addresses,” despite a request from a Ukrainian government official to do so. A spokesperson for the popular…
El Salvador’s Tourism Surges by 30% After the Adoption of Bitcoin
El Salvador’s adoption of Bitcoin (BTC) as legal tender in September 2021 has triggered a notable surge not only for its gross domestic product (GDP) but also for the local…