Uganda Could Become the First African Nation to Regulate Bitcoin

BitsPlan

The United Nations African Institute for the Prevention of Crime and the Treatment of Offenders (UNAFRI) which focuses on criminal justice issues, recently released a report [PDF] providing direction on bitcoin regulation in Uganda.

After the first ever Round Table discussions in Naguru, Kampala held on 7 July 2016, the UNAFRI highlighted the policy, legal, ethical and social-cultural issues around the regulation of digital currencies.

The event was convened by Dr. Maureen Mapp of the University of Birmingham Law School with the support of the Central Bank of Uganda, UNAFRI, and the African Centre for Cyberlaw and Cybercrime Prevention (ACCP).

The aim of the discussion was to create awareness about the use of digital currencies such as bitcoin in Uganda and to develop instructive guidance on effective ways with which to regulate this new form of digital currency in the country.

Given the amount of decentralized digital currencies available such as Bitcoin, Ethereum, Litecoin, Ripple, and Dash, to name a few, the focus was on bitcoin simply because of its choice for conducting a range of

Read more ... source: CryptoCoinsNews

NO COMMENTS