Uganda Could Become the First African Nation to Regulate Bitcoin
The United Nations African Institute for the Prevention of Crime and the Treatment of Offenders (UNAFRI) which focuses on criminal justice issues, recently released a report [PDF] providing direction on bitcoin regulation in Uganda. After the first ever Round Table discussions in Naguru, Kampala held on 7 July 2016, the UNAFRI highlighted the policy, legal, ethical and social-cultural issues around the regulation of digital currencies. The event was convened by Dr. Maureen Mapp of the University of Birmingham Law School with the support of the Central Bank of Uganda, UNAFRI, and the....
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A UN organization focused on criminal justice issues has released details about a meeting on bitcoin and digital currencies this past summer in Uganda. Held in Kampala on 7th July, the meeting drew support from the United Nations African Institute for the Prevention of Crime and the Treatment of Offenders (UNAFRI); the Bank of Uganda; and the University of Birmingham Law School. Dr Maureen Mapp, a teaching fellow for the University of Birmingham Law School who spearheaded the event, told CoinDesk that the aim of the event was to establish a basis from which bitcoin regulation could be....
The African country of Uganda may be regulating bitcoin and other virtual currencies shortly. According to a new report from the United Nations African Institute for the Prevention of Crime and the Treatment of Offenders (UNAFRI) the group is giving guidance on the regulation of virtual currencies within the region. Uganda’s Roundtable Discusses....
African nations may soon introduce Bitcoin regulations as the digital currency adoption rises in the region. Uganda may lead the way. “Banking the Unbanked” is one of the use cases of Bitcoin as projected by the cryptocurrency community. The digital currency has been successful to an extent in that mission. The lack of access to mainstream banking is prevalent in many developing nations across the world, including the African continent. Bitpesa and other cryptocurrency backed services have been offering financial services in these countries for a while now. The increasing usage of Bitcoin....
Uganda’s government has reportedly allocated land for Akon’s crypto-city development project in the country. Senegalese-American rapper and businessperson Akon is set to begin building another crypto city, this time in the East African nation of Uganda.According to a report by Uganda’s flagship television network NBS, the country’s government has announced the allocation of land for the project.Akon City in Uganda will reportedly occupy one square mile half the size of the City of London (not to be confused with Greater London, which makes up the majority of the U.K. capital). Akon is also....
The world’s largest crypto exchange announced two subsidiary suspensions within one month. The world’s largest cryptocurrency exchange is launching a new affiliate program in Africa after announcing the termination of its Uganda-based service.On Nov. 3, Binance officially announced the launch of the Binance Africa Affiliate Program aiming to promote Binance across the region. According to the exchange, the new program is open to influencers, crypto enthusiasts and content creators across Nigeria, Ghana, Kenya, South Africa and Uganda.A spokesperson for Binance told Cointelegraph that....