On 12 February 2026, the Deputy Minister of Digital Economy Eranga Weeraratne stood before Sri Lanka’s apex anti-money laundering body and presented a document that had never before existed: a Concept Paper for regulating virtual assets. The presentation to the National Coordinating Committee on AML/CFT marked the government’s first concrete step toward bringing order to a sector that, by its own admission, has become a breeding ground for fraud.