Sri Lanka Announces Plan To Create Shared KYC Platform Powered By Blockchain

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According to the publication, the central bank is looking to improve the country’s finance industry as much as possible, and wants to take advantage of technology in this regard.

“The increasing demand for digitalized financial services has created an opportunity for Sri Lanka to evaluate the possibility of adopting Blockchain Technology to further advance Sri Lanka’s financial sector.”

The publication also says that the platform will help to improve efficiency in the sector, but also increase the general rate of financial inclusion.

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