Uganda Statement On Crypto Currency
Uganda Statement On Crypto Currency
Uganda Statement On Crypto Currency
1. The government of Uganda has noted the emergence of the practice of using,
holding and trading crypto-currencies in Uganda.
b. The government of Uganda has not licensed any organization in Uganda to sell
crypto-currencies or to facilitate the trade in crypto-currencies and so these
organizations are not regulated by the Government or any of its agencies.
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Mission
“To formulate sound economic policies, maximize revenue mobilization, ensure efficient allocation and accountability for public resources so as to
1 achieve the most rapid and sustainable economic growth and development”
The general public is further advised of the following risks associated with
crypto-currencies;
a. Most crypto-currencies such as Bitcoin and Ethereum are not backed by assets
or government guarantees, therefore holders of these crypto-currencies are
fully exposed to the risk of loss or diminishing value as the issuers are not
obliged to exchange them for legal currency or other value.
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Mission
“To formulate sound economic policies, maximize revenue mobilization, ensure efficient allocation and accountability for public
2 resources so as to achieve the most rapid and sustainable economic growth and development”