Bitcoin News / Bitcoin.com - 6 months ago
The Ugandan mobility fintech Asaak recently spread its tentacles to Latin America after it bought the Mexican asset financing business Flexclub. The fintech’s CEO suggested that his company’s successful and profitable microfinance business part...
Cryptocoins News / The Cointelegraph - 9 months ago
The Bitcoin community helped Uganda’s Brindon Mwiine travel to BTC Prague after winning tickets for his adoption efforts in East Africa. A Ugandan Bitcoiner embarked o...
Bitcoin News / Bitcoin.com - 11 months ago
A Judge of a High Court in Uganda recently 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 th...
Bitcoin News / Bitcoin.com - 1 year ago
The Uganda-based digital lending fintech startup, Numida, has said it will start offering its services to micro, small, and medium-sized enterprises in other African countries. Numida’s plans to offer its services to businesses beyond Uganda...
Cryptocoins News / The Cointelegraph - 1 year ago
Is gold becoming inflationary? Can Bitcoin replace it as a store of value due to its scarcity and reliability? Are Uganda’s numbers implausible? Questions arise. Thes...
Bitcoin News / Bitcoin.com - 1 year ago
While gold is often considered a scarce asset, Uganda explained on Wednesday that recently conducted exploration surveys indicate that there’s roughly 31 million metric tons of gold ore waiting to be mined in the region. Moreover, a spokespers...
More / Bitcoin Reddit - 1 year ago
Uganda has found 31 million tons of gold ore estimated to be 320,000 tons of pure gold. That amount of gold is worth 12 trillion dollars. This amount of gold will make gold less rare and make it less valuable. Gold is constantly mined and there is mo...
Bitcoin News / Bitcoinist - 1 year ago
The Bank of Uganda has advised members of the Blockchain Association of Uganda to understand more about cryptocurrency sector. The bank has stated that it will be glad to work with crypto platforms in its forthcoming Regulatory Sandbox.
It referenced...
Cryptocoins News / The Cointelegraph - 1 year ago
The Bank of Uganda is open to the idea of cryptocurrency businesses participating in its Regulatory Sandbox, inviting members of the Blockchain Association of Uganda (BAU) to share their knowledge with the central bank.A letter from the bank dated Ju...
Bitcoin News / Bitcoin.com - 1 year ago
The Bank of Uganda (BOU) has hinted that it is open to the idea of crypto firms participating in the regulatory sandbox. The central bank’s position follows its deliberations with a team from the Blockchain Association of Uganda (BAU).
B...
Bitcoin News / Bitcoin.com - 1 year ago
The Ugandan central bank has warned licensed entities and the public against facilitating crypto-related transactions as well as the practice of converting cryptocurrency into mobile money and vice versa. The central bank warned it will not hesitate...
Cryptocoins News / Blockchain - 1 year ago
The Bank of Uganda (BOU), the Central Bank of Uganda, has warned all licensed firms to desist from facilitating cryptocurrency transactions under the National Payments Systems Act, 2020.
Last Friday, the major financial regulator warned the public...
Bitcoin News / Bitcoin.com - 2 years ago
The Bank of Uganda (BOU) has commenced a study that explores the feasibility of issuing a digital currency. However, an executive with the institution warned that the central bank needed to be clear why it must have this in the first place.
Fas...
Bitcoin News / Bitcoin.com - 2 years ago
Education and awareness campaigns are still viewed as important channels that draw people to cryptocurrencies and blockchain. This has been particularly true in some parts of Africa where bitcoin and other cryptocurrencies are proving to be a useful...
Cryptocoins News / The Cointelegraph - 2 years ago
Proceeds from Orica’s NFT auction at Malta AI & Blockchain Summit hope to fund Ssese Islands education. The rising number of social impact projects using digital a...
Bitcoin News / Bitcoin.com - 2 years ago
Uganda’s blockchain community welcomes the recent call on authorities to create a cryptocurrency regulatory framework, a board member of the Blockchain Association of Uganda (BAU) has said. The member, Suleiman Murunga, explains that such a fra...
Bitcoin News / Bitcoin.com - 2 years ago
The Bank of Uganda (BOU) has announced the launch of a regulatory sandbox that will allow fintech start-ups to test their innovative financial solutions in a controlled environment. Already, one firm, M/S Wave Transfer Limited, has received approval...
Bitcoin News / Bitcoin.com - 2 years ago
One of Africa’s oldest museums, the Uganda National Museum (UNM), is set to create digital representations of the unique artifacts that are on display at this facility. Working in concert with software development firm Murcom, Uganda’s bi...
Bitcoin News / Bitcoin.com - 2 years ago
Uganda’s Financial Intelligence Authority (FIA) says it wants the country’s Finance Ministry to help formulate a regulatory framework for crypto service providers. According to the FIA, this call for the government’s intervention ha...