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Nalezeno "Uganda": 81

Ugandan central bank U-turns on crypto welcoming firms to regulatory sandbox

6.6.2022
The bank advised the Blockchain Association of Uganda (BAU) to sharpen up its knowledge of the sandbox regulations, inviting its members along to further technical discussions

Uganda Central Bank Says It Is Open to Crypto Firms Participating in Regulatory Sandbox

6.6.2022
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). BAU Members Asked to Acquaint Themselves Sandbox...

Uganda Central Bank Tells Licensed Entities to Stop Facilitating Crypto Transactions

4.5.2022
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 to act against entities found to be in breach...

Bank of Uganda Reportedly Commences CBDC Study

11.3.2022
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. Faster Movement of Money The Ugandan central bank...

‘Ponzi Schemes Have Created a Negative Reputation for the Industry’ — Uganda Blockchain Advocate

24.1.2022
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 alternative to fiat currency. Blockchain...

Funding platform Orica partners with NGO to use NFTs to build a school in Uganda

19.11.2021
Proceeds from Orica’s NFT auction at Malta AI & Blockchain Summit hope to fund Ssese Islands education

Jelurida will launch 30-day blockchain education campaign across East Africa

13.10.2021
The tour will begin in Zanzibar on Oct. 23 before continuing on to Kenya, Rwanda, Uganda, Zambia, Malawi, Mozambique, Zimbabwe, and Tanzania

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...