The African country of Uganda may be regulating bitcoin and other virtual currencies shortly. According to a new report from the United Nations African Institute for the Prevention of Crime and the Treatment of Offenders (UNAFRI) the group is giving guidance on the regulation of virtual currencies within the region.
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Uganda’s Roundtable Discusses Regulating Virtual Currencies
This past July UNAFRI had its first roundtable discussion in Naguru, Kampala, concerning regulatory policies for digital currency transactions. Dr. Maureen Mapp of the University of Birmingham Law School, the Central Bank of Uganda, and UNAFRI took part in the event.
The focus of the roundtable was meant to create virtual currency awareness in Uganda and “effective ways with which to regulate this new form of cryptocurrency.”