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…
Crypto bubble: The hype machine behind a $70,000 carbon credit
By Chloé Farand When a carbon credit representing a single tonne of CO2 sold as an NFT for an eye-watering $70,000 at auction, carbon market experts were bewildered. The credit was generated…
Central Bank of Sri Lanka Launches the ‘National Remittance Mobile Application’
The Central Bank of Sri Lanka (CBSL) is currently taking steps to increase the inflows of foreign remittances to Sri Lanka as well as encourage the use of formal remittance…
TRCSL initiates preliminary discussion with Elon Musk’s SpaceX over Starlink internet service
Sri Lanka’s Telecommunications Regulatory Commission (TRCSL) has initiated a preliminary engagement with Elon Musk’s rocket company SpaceX, exploring the introduction of high-speed Starlink Internet Services. The TRCSL has held the…
Sri Lanka and Russia Eyes bilateral cooperation on Cyber Security Threats
Russia’s Security Council Secretary Nikolai Patrushev and Sri Lanka’s Defense Secretary Kamal Gunaratne held in-depth discussions on Cyber Security threats, according to Security Council’s press service. “Threats in the field…
Sri Lanka’s Cabinet Clears the drafted Private Data Security bill to Present to the Legislature
The Cabinet of Ministers approved the drafted Private Data Security bill to be published in the n the gazette notification and to subsequently submit to the parliament. The Private Data…
Sri Lanka’s Fintech industry far away from reaching its full potential; Regulatory barriers seen as the main obstacle
By Chanuka Wattegama Sri Lanka’s Fintech industry has a long way to go before reaching its full potential, compared to some of its more developed neighbours such as Singapore and…
Sri Lanka’s WSO2 secures $90 million investment from Goldman Sachs on a valuation over $600 million
Sri Lanka’s leading open-source technology provider, WSO2 secured a $90 million funding line from Wall Street Giant, Goldman Sachs based on a valuation of over $600 million. WSO2‘s founder and…
Ransomware Soars 148% to Record-Breaking Levels in 2021
The volume of ransomware attacks over the first three quarters of 2021 reached 470 million, a 148% increase on the same period last year, making 2021 already the worst year…