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Bybit Rising Fund Joins Forces with Ceylon Cash to Ready Sri Lankan Youth for Web3-Enabled Economy

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Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is pleased to reveal the Sri Lankan chapter of the Bybit Rising Fund initiative in collaboration with Ceylon Cash, the driving force behind Web3Ceylon, Sri Lanka’s largest community-led blockchain education and adoption program. The joint initiative serves to promote Web3 literacy and empower the next generation of talent with a passion for blockchain technology and the digital economy.

Through Web3Ceylon, Bybit and Ceylon Cash will curate a series of educational seminars in Colombo (September 20, 2025), Galle (September 17, 2025), Kandy (September 28, 2025), and Ella (October 12, 2025) in Sri Lanka to build awareness and understanding of blockchain technologies. Newcomers, researchers, creators and builders stand to benefit from an effective and engaging introduction into the world of cryptocurrencies, distributed ledger technology, and on-chain security.

The four seminars aim to connect local builders, learners, and educators with experts at the forefront of blockchain innovation and safety, expanding access to the know-how and vision of a blockchain-enabled future for all, one city at a time.

Highlights

  • Up to 600 seats available across four cities in Sri Lanka
  • Knowledge transfer: Hands-on workshops and sessions on the basics of wallets, smart contracts, and building a Web3 project
  • In-depth insights: Industry insiders and innovators will share real-world case studies of blockchain, diving into the technology, application and utility, and business layers of the technology
  • Connecting with changemakers: Bringing together creators, builders, and entrepreneurs to shape the growth opportunities in Sri Lanka and meet the needs of local communities

Registration is required and subject to approval.

“At Bybit, we believe education is the first step toward building a sustainable Web3 future. Sri Lanka’s vibrant youth and entrepreneurial spirit make it an ideal place to nurture the next generation of blockchain innovators. Through this partnership with Ceylon Cash and Web3Ceylon, we aim to equip young people with the skills, knowledge, and opportunities they need to participate confidently in the digital economy and become active contributors to the global Web3 ecosystem,” said Nazar Tymoshchuk, Regional Manager at Bybit.

“We devise the seminars with everyone in mind: the speakers will cover everything from the basics to the technical aspects. Whether you are a developer eager to kick start your blockchain journey, a small business owner curious about crypto payments, or a student preparing yourself for the future of Web3, we have something to offer,” said Nisal Chandrasekara, Community Lead at Ceylon Cash.

With a fast-growing digital economy, high mobile penetration, and rising interest in blockchain and cryptocurrencies, Sri Lanka is well positioned to capture the transformative opportunities in Web3. As part of Bybit’s World Series of Trading (WSOT) 2025, the Bybit Rising Fund supports community-led initiatives that benefit local Web3 enthusiasts, builders, and educators.  

The Bybit Rising Fund is part of a community outreach program under WSOT 2025, to improve the access to and the quality of blockchain education in local communities. Registration is required for all events and subject to approval.

#Bybit / #TheCryptoArk  

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit’s Communities and Social Media

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Dubai Based Sri Lankan Entrepreneur Launches Global Forex Marketplace

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A visionary Sri Lankan entrepreneur based in Dubai has launched VerifiedBrands.io, a cutting-edge Forex Marketplace Ecosystem designed to bring transparency, trust, and regulatory compliance to the Global Forex industry.

The platform addresses one of the most critical challenges in online trading — the difficulty of finding legitimate and regulated brokers and financial service providers. VerifiedBrands.io connects traders, licensed Forex brokers, technology providers, and affiliates in a secure and trusted digital marketplace.

“Our mission is simple — to eliminate fraud and scams from the Forex industry and give traders, investors, and partners a reliable ecosystem where only regulated and verified companies are listed,” said Anthony, the founder of VerifiedBrands.io.

VerifiedBrands.io verifies and lists only Regulated Forex brokers and compliant financial technology providers, offering a single platform for:

Traders seeking trusted brokers and services

Companies looking for high-quality leads and exposure

Technology providers offering white-label solutions, trading infrastructure, CRM systems, Liquidity Solutions, Payment Gateways , API solutions

Affiliates and partners wanting to work with compliant, reputable firms

The platform also provides tools and resources to help traders and partners compare, connect, and collaborate confidently, making it a first-of-its-kind ecosystem for the Forex community.

With the global Forex industry estimated at over $6 trillion in daily trading volume, VerifiedBrands.io aims to build a safer, more transparent trading environment and empower investors and traders worldwide to make informed decisions.

For more information, visit www.VerifiedBrands.io

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LB Finance to enter Philippines market through subsidiary

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LB Finance PLC, a Sri Lankan Non-Bank Financial Institution (NBFI), has received regulatory approval from the Central Bank of Sri Lanka to establish a wholly owned subsidiary in the Philippines.

In a corporate disclosure to the Colombo Stock Exchange, the company said the Director of the Department of Supervision of Non-Bank Financial Institutions granted approval on 11 December to set up the subsidiary under the name LB Finance Philippines Inc.

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Commonwealth Enterprise and Investment Council expresses solidarity with Sri Lanka

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The Commonwealth Enterprise and Investment Council (CWEIC) has conveyed its condolences to Sri Lanka over the loss of life and extensive damage caused by Cyclone Ditwah, urging all Commonwealth nations to support the country’s recovery as the scale of devastation continues to unfold.

In a statement signed by CWEIC Chairman Lord Marland and Deputy Chairman Lord Swire, the council said: On behalf of the Commonwealth Enterprise and Investment Council, we extend our sincere condolences to the President and people of Sri Lanka for the tragic loss of life and the widespread destruction caused by Cyclone Ditwah.

With the death toll now exceeding 300, hundreds more people missing, and thousands left without homes or livelihoods, the impact on your nation is devastating, and affecting all parts of the country.

As Commonwealth friends, we acknowledge the suffering that Sri Lanka has already endured through natural disasters; floods, droughts, landslides, and the 2004 tsunami.

Sri Lanka has survived through the extraordinary efforts of countless volunteers and ordinary people. Once again, we see this remarkable resilience and cooperation from Sri Lankans who are working to restore order, basic services, and supplies where possible.

We appeal to all Commonwealth countries to support the recovery efforts, and we will keep Sri Lanka in our thoughts and prayers at this difficult time. CWEIC has a significant presence in Sri Lanka, and our Strategic Partners stand ready to assist in any way we can during this difficult time. We will continue to support international efforts and appeal to Commonwealth nations to contribute to Sri Lanka’s recovery.

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