Sri Lanka in opposition to Bitcoin adoption, rejects Draper’s anti-corruption pitch By Cointelegraph


© Reuters.

On a latest go to to Sri Lanka, American billionaire Tim Draper pitched the concept of adopting (BTC) as a authorized tender to combat in opposition to the corruption that contributed to hyperinflation within the island nation. Nonetheless, a key Sri Lankan authority — central financial institution Governor Nandalal Weerasinghe — believed doing so would worsen the nation’s financial state of affairs.

Taking time from a TV shoot in Sri Lanka, Draper met President Ranil Wickremesinghe and Weerasinghe to suggest Bitcoin as a viable possibility for getting out of monetary issues.

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Tim Draper in Sri Lanka talking about financial growth. Supply: YouTube