Will 100% bitcoin be a Sri Lanka reality ever?

Sri Lanka’s topmost monetary official countered: “Adoption of 100% Bitcoin won’t be a Sri Lanka reality ever.” It’s a frostier response than Draper has gotten in some other locations. The tiny island country of Palau in the Pacific made him the founding resident of its digital-residency program, for instance.

Why did Tim Draper visit Sri Lanka's Central Bank?

Billionaire investor and Bitcoin fan Tim Draper made a surprise visit to the headquarters of Sri Lanka’s central bank trying to promote the cryptocurrency as a tool to fight corruption, but faced a frosty reception from the bank's Governor Nandalal Weerasinghe, per a Bloomberg report.

Should Sri Lanka follow El Salvador's lead in using bitcoin?

During his meeting with Weerasinghe, Draper, dressed in a Bitcoin tie, said that should Sri Lanka follow El Salvador's lead in making use of Bitcoin, "A country known for corruption will be able to keep perfect records with the adoption of Bitcoin.”

Why did Sri Lanka sign a $1 billion credit line with India?

COLOMBO (Reuters) - Sri Lanka's Finance Minister Basil Rajapaksa signed a $1 billion credit line with India on Thursday to help ease crippling shortages of essential items, including fuel, food and medicine, officials said. "India stands with Sri Lanka," Indian Foreign Minister S. Jaishankar said in a tweet.