Two cryptocurrency exchange platforms have been granted authorization to operate within the Port City Special Economic Zone. The Colombo Port City Economic Commission (CPCEC) issued these authorizations, marking a notable step in embracing emerging financial technologies.
The two authorized cryptocurrency exchange platforms are Bitazza International Ltd from Thailand and Scallop (Pvt) Ltd from the United Kingdom. These platforms have received the green light to establish their operations within the Colombo Port City, facilitating the exchange and trading of digital currencies.
This decision is expected to open doors for regional cryptocurrency exchanges, as both Bitazza International and Scallop look to establish their presence in the region. Their operations will cater to the growing interest in digital assets and cryptocurrency trading within the Colombo Port City.
The move aligns with the Port City’s commitment to fostering economic growth, innovation, and technological advancement. By allowing cryptocurrency exchanges to operate within the special economic zone, the CPCEC aims to position the Colombo Port City as a hub for financial technology and digital currency-related activities.