FIA asks govt to find way of regulating cryptocurrencies 

Some analysts believe that it is better for Uganda to adopt this new finance innovation of cryptocurrencies at an early stage to offset any emerging risks. PHOTO/courtesy

What you need to know:

  • Last year we gave them one month to register but only a few responded,” he said, noting many cryptocurrency operators continue to operate illegally, which makes it difficult to regulate their activities. 

The Financial Intelligence Authority (FIA) has asked the Ministry of Finance to come up with a framework in which cryptocurrency operations can be regulated. 

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