Friday, June 2, 2023
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us
BitScoop
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • ANALYSIS
  • REGULATIONS
  • SCAM ALERT
CRYPTO MARKETCAP
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • ANALYSIS
  • REGULATIONS
  • SCAM ALERT
CRYPTO MARKETCAP
BitScoop
No Result
View All Result
Home Crypto Updates

Uganda Central Financial institution Says It Is Open to Crypto Companies Taking part in Regulatory Sandbox – Regulation Bitcoin Information

by BitScoop
June 5, 2022
in Crypto Updates
Reading Time: 4 mins read
A A
0
Uganda Central Financial institution Says It Is Open to Crypto Companies Taking part in Regulatory Sandbox – Regulation Bitcoin Information
Share on FacebookShare on Twitter

Related articles

Hut 8’s BTC Production Dips 17% in February, Plans Sale to Fund Operations

Hut 8’s BTC Production Dips 17% in February, Plans Sale to Fund Operations

March 7, 2023
A Dozen Reasons Why the SEC Should Have Approved Grayscale’s Spot Bitcoin ETF

A Dozen Reasons Why the SEC Should Have Approved Grayscale’s Spot Bitcoin ETF

March 7, 2023

[ad_1]

Uganda Central Bank Says It Is Open to Crypto Firms Participating in Regulatory Sandbox

The Financial institution of Uganda (BOU) has hinted that it’s open to the concept of crypto companies collaborating within the regulatory sandbox. The central financial institution’s place follows its deliberations with a crew from the Blockchain Affiliation of Uganda (BAU).

BAU Members Requested to Acquaint Themselves Sandbox Laws

The Ugandan central financial institution has stated following talks with the crew from the BAU, it’s now open to the concept of getting crypto companies take part in its regulatory sandbox. Consequently, the central financial institution has requested members of the BAU which will need to be part of the sandbox to familiarize themselves with the NPS Sandbox Laws 2021 and the BOU Sandbox Framework.

In a letter addressed to Kwame Rungunda, the chairperson of BAU, the central financial institution’s Andrew Kawere hinted that the deliberations between the financial institution and the crew from BAU influenced its place on the participation of crypto companies. Kawere additionally lauded the proposal to share info. He stated:

Financial institution of Uganda welcomes your proposal to share information with our technical groups on the crypto enterprise fashions and whether or not some use circumstances are eligible for testing beneath the Regulatory Sandbox.

Within the letter, Andrew Kawere additionally suggested Kwame Rungunda to contact one other central financial institution official Alex Ochan for the needs of scheduling technical discussions.

Shaping the Alternative for Crypto in Uganda

As reported by Bitcoin.com Information, the BOU launched its fintech regulatory sandbox in June 2021 and at the moment the central financial institution stated this may “promote monetary providers innovation, appeal to capital and funding for fintech companies, and supply shared studying alternatives for the innovators and regulators.”

In the meantime, in its tweet after receiving the letter from the central financial institution, the BAU stated it regarded ahead to working with the central financial institution and different stakeholders “in shaping the chance for crypto in Uganda, whereas proactively mitigating the potential dangers and making certain shopper safety.”

Tags on this story
Andrew Kawere, Financial institution of Uganda, Blockchain Affiliation of Uganda, shopper safety, Monetary Providers, Fintech, Kwame Rungunda, Regulatory Sandbox, Uganda, Uganda Bitcoin, Uganda Crypto

What are your ideas on this story? Allow us to what you suppose within the feedback part beneath.

Terence Zimwara

Terence Zimwara is a Zimbabwe award-winning journalist, writer and author. He has written extensively in regards to the financial troubles of some African international locations in addition to how digital currencies can present Africans with an escape route.







Picture Credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This text is for informational functions solely. It’s not a direct supply or solicitation of a suggestion to purchase or promote, or a advice or endorsement of any merchandise, providers, or corporations. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the writer is accountable, immediately or not directly, for any harm or loss precipitated or alleged to be brought on by or in reference to the usage of or reliance on any content material, items or providers talked about on this article.

Extra In style Information

In Case You Missed It



[ad_2]

Source link

Tags: altcoinsBankBitcoinbitcoin pricebitcoin updatesbitscoopCentralCryptocrypto newscrypto updatesFirmslatest bitcoin newsNewsOpenParticipatingregulationRegulatorySandboxUganda
Share76Tweet47
Previous Post

Avalanche Co-Founder Emin Gün Sirer Discusses Macro Circumstances and AVAX Sliding in Worth – Bitcoin Information

Next Post

DEVCON VI: Applications Online, Participation Details Inside

Related Posts

Hut 8’s BTC Production Dips 17% in February, Plans Sale to Fund Operations

Hut 8’s BTC Production Dips 17% in February, Plans Sale to Fund Operations

by BitScoop
March 7, 2023
0

Hut 8 Mining, one of North America’s largest digital asset miners, released its February production figures on Tuesday, reporting an...

A Dozen Reasons Why the SEC Should Have Approved Grayscale’s Spot Bitcoin ETF

A Dozen Reasons Why the SEC Should Have Approved Grayscale’s Spot Bitcoin ETF

by BitScoop
March 7, 2023
0

The core argument in favor of approving a spot bitcoin ETF, at least at this time, is that the SEC’s...

XRP, MATIC Rebound on Tuesday, Following Recent Lows – Market Updates Bitcoin News

XRP, MATIC Rebound on Tuesday, Following Recent Lows – Market Updates Bitcoin News

by BitScoop
March 7, 2023
0

Xrp rose higher in Tuesday’s session, as prices continued to move away from a long-term support point. Overall, sentiment in...

New Layer-2 Network May Include AML measures, Coinbase CEO Says

New Layer-2 Network May Include AML measures, Coinbase CEO Says

by BitScoop
March 7, 2023
0

Due to this increased watch over the crypto space, many firms have been scrutinized and found non-compliant with specific rules....

Kraken to Open Crypto Bank Amid US Regulatory Dispute

Kraken to Open Crypto Bank Amid US Regulatory Dispute

by BitScoop
March 7, 2023
0

Kraken, one of the major cryptocurrency exchanges, confirmed its plans to launch a crypto banking suite in the foreseeable future....

Load More
Next Post
DEVCON VI: Applications Online, Participation Details Inside

DEVCON VI: Applications Online, Participation Details Inside

Bitcoin and Different Cryptos Tick Up in Weekend Buying and selling

Bitcoin and Different Cryptos Tick Up in Weekend Buying and selling

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Hut 8’s BTC Production Dips 17% in February, Plans Sale to Fund Operations

Hut 8’s BTC Production Dips 17% in February, Plans Sale to Fund Operations

March 7, 2023
Crypto Projects Are Taking Advantage of Shibarium Hype, Warns Lead Shiba Inu Developer

Crypto Projects Are Taking Advantage of Shibarium Hype, Warns Lead Shiba Inu Developer

March 7, 2023
Guide to Using Multisig Wallets to Secure Your Crypto [2023]

Guide to Using Multisig Wallets to Secure Your Crypto [2023]

March 7, 2023
Argo Blockchain Continues To Increase Bitcoin Mining, Outpacing Difficulty Growth

Argo Blockchain Continues To Increase Bitcoin Mining, Outpacing Difficulty Growth

March 7, 2023
The 2023 Guide to Avalanche’s Fuji Testnet & Avalanche Faucets

The 2023 Guide to Avalanche’s Fuji Testnet & Avalanche Faucets

January 10, 2023
How to Pay a BitPay Invoice with Polygon

How to Pay a BitPay Invoice with Polygon

November 8, 2022
Crypto Projects Are Taking Advantage of Shibarium Hype, Warns Lead Shiba Inu Developer

Crypto Projects Are Taking Advantage of Shibarium Hype, Warns Lead Shiba Inu Developer

March 7, 2023
Hut 8’s BTC Production Dips 17% in February, Plans Sale to Fund Operations

Hut 8’s BTC Production Dips 17% in February, Plans Sale to Fund Operations

March 7, 2023
Guide to Using Multisig Wallets to Secure Your Crypto [2023]

Guide to Using Multisig Wallets to Secure Your Crypto [2023]

March 7, 2023
Argo Blockchain Continues To Increase Bitcoin Mining, Outpacing Difficulty Growth

Argo Blockchain Continues To Increase Bitcoin Mining, Outpacing Difficulty Growth

March 7, 2023
A Dozen Reasons Why the SEC Should Have Approved Grayscale’s Spot Bitcoin ETF

A Dozen Reasons Why the SEC Should Have Approved Grayscale’s Spot Bitcoin ETF

March 7, 2023
Judges Consider Grayscale’s Arguments In Bitcoin ETF Hearing Against SEC

Judges Consider Grayscale’s Arguments In Bitcoin ETF Hearing Against SEC

March 7, 2023
Facebook Twitter LinkedIn Tumblr
BitScoop

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Bitscoop

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Bitscoop.
Bitscoop is not responsible for the content of external sites.

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • ANALYSIS
  • REGULATIONS
  • SCAM ALERT

Copyright © 2022 - Bitscoop.
Bitscoop is not responsible for the content of external sites.