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Uganda Blockchain Association Endorses Calls for the Creation of Crypto Regulatory Framework
10.8.2021
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 framework “will create investor confidence...
Bank of Uganda Launches Regulatory Sandbox Framework — One Fintech Firm Already Approved
20.6.2021
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 to test its quick response (QR) technology under...
Uganda Museum Collaborates With Software Development Firm to Create NFTs for Display on Binance Marketplace
9.6.2021
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 biggest museum is expected to display and auction...
Uganda’s Financial Intelligence Authority Wants Government to Formulate a Crypto Regulatory Framework
25.5.2021
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 has prompted by the Ugandan crypto industry’s...
Uganda To Have Its Local Crypto City; Second edition of Akon City
12.4.2021
In August 2020, Akon announced his plan to build “Akon City,” a futuristic hub in his ancestral homeland, that will run on Akoin, the cryptocurrency launched by the singer. Envisioned as a sustainable smart city, Akon City has been pitched as a $6 billion residential and commercial property...
Akon City 2: Akon Unveils Plan to Build Second Futuristic Cryptocurrency City in Africa
11.4.2021
Another futuristic cryptocurrency city will be built in Africa, Senegalese-American star Akon has announced. The government of Uganda will make land available to him for the construction of the new crypto city. The akoin cryptocurrency will be used in the city, similar to how it will be in Akon...
Akon to build second African crypto-city in Uganda
6.4.2021
Uganda’s government has reportedly allocated land for Akon’s crypto-city development project in the country
Non-Fungible Token Sales Begin to Dive, NFT Interest Declines, Finance Author Highlights NFT Oversupply
4.4.2021
Non-fungible token (NFT) assets and collectibles are starting to see sales decline and interest in NFTs is dropping as well. Additionally, it’s being said that an “oversupply of NFTs” may hurt the market, according to James Surowiecki the author of “The Wisdom...
Could blockchain end bitter vote-rigging disputes once and for all?
15.2.2021
There are fears that voting on the blockchain might not be practical. Instead, the real value of this technology may be linked to counting ballots afterwards
Myanmar Military Blocks Facebook as Global Internet Disruptions Intensify
4.2.2021
Internet disruptions are costly, but that doesn’t stop governments from shutting down access
Following Binance Uganda closure, Binance P2P makes strong inroads in Africa
29.11.2020
The cryptocurrency exchange has given up on Binance Uganda, but the regional play remains strong
Binance launches African affiliate program after Uganda subsidiary closes
5.11.2020
The world’s largest crypto exchange announced two subsidiary suspensions within one month
Binance crypto exchange delists its own token on Uganda platform
9.9.2020
BNB seems to have failed to meet certain standards on Binance's Uganda platform
South Africa Leads Crypto Revolution in Africa – Challenges Spur and Slow Adoption
22.5.2020
Africans rank atop global cryptocurrency ownership rates, according to a new report by Arcade Research. South Africa ranks third globally with 13% of its internet users owning or using cryptocurrencies, while 11% of connected Nigerians own cryptocurrencies in the fifth-placed populous West African...
13,000 ATMs in South Korea to Support Litecoin Withdrawal and Remittances
28.2.2020
The Litecoin Foundation hopes to drive LTC adoption in Asia through the new partnership with MeconCash
Uganda Targets Cryptocurrencies in Ponzi Scheme Crackdown
6.2.2020
Uganda wants to ban pyramid schemes, but cryptocurrencies may come under fire as well
Blockchain Used by Budweiser Owner InBev to Help African Farmers
21.1.2020
Conglomerate behind Budweiser beer using blockchain to help its local African suppliers
Ugandan Victims of Dunamiscoins Scam Petition Gov’t for Lost Investments
17.1.2020
Over 5,000 victims of the alleged crypto pyramid scheme Dunamiscoins petitioned the Ugandan Parliament asking to refund the lost money
Directors of Alleged Crypto Pyramid Scheme Dunamiscoins Stand Trial
8.1.2020
The directors of an alleged cryptocurrency pyramid scheme in Uganda have appeared in court to face 65 counts tied to obtaining money by false pretense
Ugandan Police Hold Director of Alleged $2.7M Crypto Ponzi Scheme
10.12.2019
Ugandan police have reportedly seized Samson Lwanga, a director of Dunamiscoins crypto scam which managed to get $2.7 million from the victims