Sri Lanka, Feb. 17 -- President Anura Kumara Dissanayake says that a Digital Economic Authority will be established, and a new legal framework for digital payments will be introduced in order to fasten the digital economy further.

Delivering the 2025 Budget Speech, the President assured that the laws and institutions related to the cyber-security, data privacy and data security will be strengthened.

Citing the recently introduced 'GovPay' digital payments platform, the Head of the State emphasized that Sri Lanka needs to exit from the economy based on currency notes, assuring that the process will be implemented carefully in a few phases, with a clear communication.

"We should stop this game with the currency notes. We strengthen the r...