The Cabinet has permitted the appointment of a committee to present a policy paper on Digitization, Block chain Technology, Crypto currency Mining and providing necessary services to create a smart Sri Lanka.
The Government has stated the necessity of developing an integrated system that combines these areas, and other essential services. South Asian countries have already begun to evaluate this sector and develop the sector in many areas. It was also stated that necessary steps need to be taken in order to deal with other countries on a competitive level.
The committee will consist of skilled professionals in the public and private sectors for this purpose and will report to the Cabinet on the Acts, Rules and Regulations required to attract investments of the companies that are being operated in these sectors.
The Committee will also approve crypto currency mining companies to invest in Sri Lanka and for the Board of Investment to take the necessary steps under the provisions of the Board of Investment Act No. 4 of 1978 and the related amendments.
