Kapruka to launch cryptocurrency payments
Kapruka (Kapruka.com), a major e-commerce platform in Sri Lanka, has announced its intention to start accepting payments in cryptocurrency soon.
Its founder and Chairman Dulith Herath has made the announcement on Twitter.
Founded in 2005, Kapruka is now a leading retailer on the internet.
MTB.lk, a platform that organizes mountain bike tours and holidays, is the first Sri Lankan company to accept coins for its services from September.
Meanwhile, the government is taking steps to regulate crypto-related activities and attract investments from the industry.
A committee of experts from both public and private institutions is preparing a report on the legal acts and rules needed to facilitate the development of the digital banking, block chain technology, and cryptocurrency mining sectors in the country.