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Sri Lanka against Bitcoin adoption, rejects Draper’s anti-corruption pitch By Cointelegraph

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© Reuters.

On a recent visit to Sri Lanka, American billionaire Tim Draper pitched the idea of adopting (BTC) as a legal tender to fight against the corruption that contributed to hyperinflation in the island country. However, a key Sri Lankan authority — central bank Governor Nandalal Weerasinghe — believed doing so would worsen the country’s economic situation.

Taking time from a TV shoot in Sri Lanka, Draper met President Ranil Wickremesinghe and Weerasinghe to recommend Bitcoin as a viable option for getting out of financial problems.

Tim Draper in Sri Lanka speaking about economic development. Source: YouTube