Uganda to Regulate Crypto Asset to Combat Crypto Fraud

Uganda to Regulate Crypto Asset to Combat Crypto Fraud

Uganda is to be the first African countries to regulate the cryptocurrency industry as the bill on national payments has been finalized and predicted to be approved in December. The minister of State for Finance explained, “We are cautioning the public to be aware that government has not officially approved such currencies. The government will next month present a bill to this effect.”

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