2020-2-6 15:05 |
Uganda wants to ban pyramid schemes, but cryptocurrencies may come under fire as well
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The world as a whole is slowly starting to accept Cryptocurrencies and, to a further extent, blockchains into their day-to-day functionality. While countries like Uganda warns against the use of things like Bitcoin, Russia has set out to divide cryptocurrencies into three legal categories.
2019-10-4 01:19 | |
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Africa is a strange place. It is a place of third-world culture and first world innovations all coming together in a weird melting pot. Relatively recently, this melting pot added cryptocurrencies to the mix.
2019-10-1 16:46 | |
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Global cryptocurrency exchange Binance has just announced that it is now supporting fiat currency deposits and withdrawals for its Binance Singapore users. The platform, which launched similar ventures earlier this year in Jersey and Uganda, will allow Singapore residents or Singapore citizens based overseas, to buy a number of cryptocurrencies with Singapore Dollars.
2019-7-11 19:02 | |
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The deputy governor of the Bank of Uganda has warned the public about the limited protections offered them when they invest in unregulated cryptocurrencies
2019-6-30 12:01 | |
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Bitcoin has the potential to revolutionize the African continent. Through Bitcoin, millions of unbanked Africans will have access to financial services. These and many more such statements exist across the internet.
2019-6-1 21:48 | |
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On Monday, the independently syndicated radio broadcast Free Talk Live (FTL) announced that the organization, along with a group of businesses and FTL listeners, had raised $45,000 in cryptocurrencies to construct an orphanage in Uganda.
2019-3-25 22:01 | |
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When you think of blockchain technology and cryptocurrencies in Africa, Uganda isn’t the first country that springs to mind. Instead, it’s the traditional tech titans in Africa that many associate with developments in the blockchain industry.
2019-2-24 00:44 | |
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Cryptocurrencies and the underpinning blockchain technology have continued to transform lives in Africa. The technology has been applied in Kenya to boost agriculture by Twiga Foods. In Uganda, millions of households have been connected to solar power by a crypto initiative.
2019-2-12 23:03 | |
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In the Western world, many people look at cryptocurrencies as an investment, and obsess over their price movements. In Africa, however, cryptos are much more than an investment asset class: they are transforming lives, in the financial services sector and beyond.
2019-2-9 19:34 | |
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Kenyan health services provider Health Land Spa has started taking BTC and other cryptocurrencies as a means of payment with a view to increasing accountability and averting losses. Across East Africa, cryptocurrency acceptance is on the rise, with at least two restaurants in Uganda and Kenya selling food for virtual currencies.
2018-12-11 07:50 | |
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The East African country of Uganda is set to regulate cryptocurrencies to prevent scams and protect investors. ETHNews spoke with the chairman of the Blockchain Association of Uganda to learn more about the local cryptocurrency ecosystem and what may have led to this development.
2018-11-28 01:35 | |
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Uganda—a mid-sized country located in East Africa is set to introduce a regulatory framework for cryptocurrencies whose aim will be to protect its citizens from being defrauded by the many crypto scams currently present online.
2018-11-26 12:05 | |
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It is interesting to note that despite the fact that cryptocurrencies were conceived far away from the African continent, it is rapidly following in the footsteps of Europe’s Malta to become home for a handful of cryptocurrency exchanges, wallets, and tokens in their numbers.
2018-11-10 18:23 | |
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Some African Governments are on revenue generation drive by raising taxes to fund budget deficits. From Zimbabwe to Kenya, Uganda to Benin, the same scenario is playing out and mobile money is the prime target.
2018-10-4 14:38 | |
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Binance LCX has announced the launch of a fiat-to-cryptocurrency exchange platform in Liechtenstein. The announcement follows plans to unveil similar services in Uganda a few months back. Binance LCX is a joint venture between Binance and LCX.
2018-8-17 18:22 | |
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Binance announced on their official website about the first fiat crypto exchange, ‘Binance Uganda’. This enables retail and corporate investors to exchange Ugandan currency for cryptocurrencies. Binance expanded their services in an effort to spread cryptocurrency in remote regions and increase the audience of investors.
2018-6-30 00:03 | |
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During an interview given by the CEO of Binance to one of the popular cryptocurrency news media, CoinTelegraph, Changpeng Zhao said the company was testing out new waters in not just developed countries but third world countries where he thinks cryptocurrencies will be more relevant.
2018-6-29 22:51 | |
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Turkey and India advanced crypto policies on May 16 that could create a framework for businesses and investors operating in each country. Reuters reported that the Securities and Exchange Board of India (SEBI) wants multiple regulators to oversee crypto trading in the country.
The US Senate voted in favor of repealing the SEC’s Staff Bulletin 121 (SAB 121) on May 16. In all, 60 Senators voted in favor of HJ Res. 109, a resolution to overturn the bulletin, while 38 Senators voted against it.
US lawmaker Wiley Nickel has urged the Gary Gensler-led Securities and Exchange Commission (SEC) to repeal the Staff Accounting Bulletin 121 (SAB 121) before the impending Senate vote. SAB 121 requires financial institutions custodying crypto to hold these assets on their balance sheets.
Quick Take Bitcoin’s recent surge to $65,000, a level last seen on May 6, has sparked significant volatility in the digital assets market. Bitcoin has now seen a roughly 15% rally from the lows of May 1.
Dutch court convicts Tornado Cash developer Alexey Pertsev of laundering $1.2 billion, setting the stage for a significant impact on privacy in decentralized finance. The post Dutch court finds Tornado Cash dev Alexey Pertsev guilty of laundering $1.2B appeared first on Crypto Briefing.
US senators Ron Wyden and Cynthia Lummis sent a letter to the DOJ questioning if services like Samourai Wallet meet the definition of money transmitters under current laws and guidance. The post Senators question DOJ for ‘unprecedented interpretation’ over Samourai Wallet and Tornado Cash appeared first on Crypto Briefing.
House Financial Services Committee Chairman Patrick McHenry said new legislation that will give the crypto industry greater clarity regarding regulatory oversight is set for a potential House floor vote by the end of May.