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Tag Archives: Crypto

Court rules on digital coin transactions in Uganda

Kampala, Uganda | THE INDEPENDENT | The High Court in Kampala dismissed an application which sought to quash a Bank of Uganda directive that barred licensed entities and individuals from facilitating crypto transactions. In his ruling, Justice Musa Ssekaana insisted that the central bank’s crypto prohibition does not amount to an …

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Disrupting the disruptors

Why Crypto, Twitter, and Meta’s best days appear to be behind them as Amazon, Apple limp along COMMENT | Roger McNamee | After a decade of unconstrained growth – when it seemed that a new billionaire was minted every day – the tech industry has finally hit a rough patch. Elon Musk’s …

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Ugandan crypto currency director arrested over sh3 billion

Kampala, Uganda | THE INDEPENDENT | The Criminal Investigations Directorate-CID is holding John Mwangutsya, the director of Crypto Bridge African Limited that is suspected to have defrauded Ugandans from different parts of the country of over Sh3 billion. CID Spokesperson, Charles Twine, says Mwangutsya reportedly defrauded more than 1,000 Ugandans …

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