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Tag Archives: Cryptocurrencies

Katikkiro cautions Ugandans against cryptocurrency

Kampala, Uganda | THE INDEPENDENT | The Katikkiro of Buganda Charles Peter Mayiga has cautioned Ugandans against cryptocurrencies and other ponzi schemes, saying they are designed to defraud them. Speaking at the opening of the Buganda Lukiiko at Bulange Mengo on Monday, Mayiga said there is no shortcut to getting …

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Gov’t tells Ugandans to stay away from cryptocurrencies

Kampala, Uganda | THE INDEPENDENT | Finance Minister Matia Kasaija has issued a strong warning to Ugandans investing in cryptocurrencies, saying the government does not recognize them and citizens are on their own. A Cryptocurrency is a digital currency in which encryption techniques are used to regulate the generation of …

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ANALYSIS: What is behind Africa’s crypto-phobia?

African central banks should set up specialised units dedicated to researching cryptocurrencies Kampala, Uganda | ALLEN CHORUMA | As the use of cryptocurrencies gains momentum, African central banks, gripped by crypto-phobia, are pressing panic buttons, with some taking the easy way out by banning the use and trading in cryptocurrencies in …

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