The Financial Intelligence Authority has been working on a campaign to get digital currency firms to register, but officials say only a few had heeded the call.
Binance Uganda, the Binance-brand exchange that launched in 2018, is closing its doors for good at the end of this month (November 28th).
Uganda is seeking to bring cryptos under the purview of the regulators, creating a committee that will look into how best to regulate them and foster growth.
Victims of the Dunamiscoins cryptocurrency scam have turned to the Ugandan Parliament for help to get their lost money back.
Uganda-based Dunamiscoins was the subject of 4,000 complaints to local authorities following its unexpected collapse in December.
Police in Uganda have arrested the director of a crypto scam that defrauded investors and employees alike of over $2.7M. On the hunt for four others.
A crypto scam in Uganda closed its offices abruptly, taking off with money from dozens of investors and employees.
Uganda is hoping blockchain can help root out the problem of counterfeit drugs by tracking the legitimate ones.
As cryptocurrencies increase in popularity throughout Africa, countries like Uganda are racing to regulate them.
Uganda’s central bank continues to warn against cryptos, while a survey shows Africans are getting confused by digital currencies.
Cryptocurrency continues to make progress in Kenya, Uganda and South Africa, despite government reluctancy to support the new technology.