Sri Lanka, June 3 -- Sri Lanka is taking significant steps to establish a comprehensive regulatory framework for Virtual Asset Service Providers (VASPs), as authorities work to align the country's digital asset sector with international standards and best practices.

The fourth meeting of the VASP Sub-Committee was held at the Central Bank of Sri Lanka on May 25, 2026, under the chairmanship of Deputy Minister of Digital Economy Eranga Weeraratne. The meeting focused on advancing efforts to create a formal, transparent, and internationally compliant regulatory structure for virtual asset-related activities in the country.

Among the key matters discussed were the latest developments in Sri Lanka's Financial Action Task Force (FATF) Mutual...