Page 2 - Foreign Exchange Control News Today

No doubt, music lovers must be waiting impatiently to know what really happened on the night of Friday, December 2nd, at the Peacock, Berjaya Hotel, Mount Lavinia. Yes, it was a full house and the heavy rain, experienced that particular evening, didn’t prove a damper to all those who made it to the Peacock to […]

By Neville Ladduwahetty The headlines in the front page of the Daily News of December 7, 2022 states: “GOVT. WILL FORMULATE LAWS TO REPATRIATE USD 53 BILLION”. Quoting Minister Dr. Wijedasa Rajapakse, the report states: “Exporters who earn Dollars do not bring that earnings back to Sri Lanka but they deposit it in foreign banks. […]

The order was given via a circular issued by the Banking Regulation and Policy Department of the central bank and takes immediate effect from the date of publication.

In episode 6 of CrypTalk, Ross Sinclair speaks to Gaurav Nair of Jaltech about the sanctions against Tornado Cash.

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Crypto currencies’ ownership is not a crime: BB Staff Correspondent 27th July, 2021 10:15:05 PM Ownership, preservation or transaction of crypto currencies is not a crime, the foreign exchange policy department of Bangladesh Bank said in response of a letter from Criminal Investigation Department (CID) of Bangladesh police. Bangladesh Bank also stated that the current virtual currency market in all over the world is around two trillion US dollars. Earlier the currency was not recognised by an...

Draft policy prepared for allowing investment abroad Sohel Hossain Patwary 18th April, 2021 11:45:43 The government has prepared the draft of a policy to allow Bangladeshi investors to invest in other countries. The draft policy titled ‘Bangladeshis Foreign Investment Abroad-2021’ will allow only the local export-oriented businesses to invest in similar businesses in other countries. According to the draft policy, export-oriented businesses can invest overseas in the form of equity investme...

ABCDEFG SEOUL, Jan. 22 (Yonhap) -- An appellate court on Friday upheld a lower courts seven-year prison sentence for a son of Chung Tae-soo, the late founder of the now-defunct Hanbo Group, who was convicted of embezzlement and other crimes last year after 21 years on the run abroad. The Seoul High Court also ordered Chung Han-keun, the fourth son of the late Hanbo founder, to forfeit 40.13 billion won (US$32.6 million) after finding him guilty of embezzlement, illicit capital flight and viol...