Bank of Uganda Issues Warning Against Cryptocurrency ⋆ ZyCrypto - BitcoinEthereumNews.com
TeknolohiyaBank of Uganda Naglabas ng Babala Laban sa Cryptocurrency ⋆ ZyCrypto05 / 07 / 2022Balita ng Ethereum ng Bitcoin anunsyo While cryptocurrency adoption is rising globally, some governments remain skeptical of the nascent market. Uganda is just one of these countries, with the administration choosing to remain on the fence as the central bank releases a new warning against the use of crypto. BoU Says It Has Not Issued Any Licences To Crypto Companies According to reports from a local news agency, the Bank of Uganda has issued a warning against cryptocurrencies. In a notice last Friday, the director of the country‘s national payment system Mr. Andrew Kawere reportedly revealed the central bank was not pleased with the promotion of cryptocurrency services in the country, calling the services illegal. Kawere’s notice reads: “We are also aware that such a conversion canot happen without the participation of the payment service providers and or payment system operators. This is to advise that Bank of Uganda has not licensed any institution to sell cryptocurrencies or to facilitate the trade in crypto-currencies. This is in line with the official government position as communicated by the Ministry of Finance, Planing and Economic Development in October 2019.” Kawere, in his notice, went