Dozens count losses in sham cryptocurrency scheme

Closed Offices of DUNAMISCOIN Resources Limited, a cryptocurrency platform that had opened up in Masaka town

What you need to know:

  • Our efforts to speak to any official of DUNAMISCOIN Resources Limited failed to yield results as all phone contacts on their marketing brochures are unavailable.
  • Recently, the Minister of Finance, Planning and Economic Development, Matia Kasaija said in a news conference in Kampala that the government of Uganda had noted the emergence of the practice of using, holding and trading crypto-currencies in Uganda.

Dozens of people in Masaka District in central Uganda are counting losses after investing in a sham cryptocurrency business scheme.
DUNAMISCOIN Resources Limited opened in Masaka town on November this year and started enrolling clients on its digital currency network.
However, several people are crying foul after learning that the company, which has been operating on Laston Business Centre in Masaka town has closed shop.

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