UGANDA Uganda – Akol wants policy on cryptocurrencies 3 years ago Samuel Post Views: 559 The Uganda Revenue Authority boss said a policy on digital currencies urgently needed since many Ugandans were already trading in them. The absence of a policy on cryptocurrencies is denying Uganda key benefits from digital platforms that are transforming business, the Uganda Revenue Authority (URA) top boss has said. Speaking at a public dialogue on national development at Protea Hotel, Akol said a policy on digital currencies urgently needed since many Ugandans were already trading in them. “Some goods are coming through our customs that have been purchased using loyalty points or air miles and we clear them. But there is no policy on cryptocurrencies.” Organised by the Advocates Coalition on Development and Environment (ACODE), the dialogue sought views from experts about funding for the new national development plan. The second National Development Plan (NDPII) which came into force in 2015 ends in 2020, paving way for NDPIII. The ACODE executive director, Dr Arthur Bainomugisha said the new development plan must pay attention to unemployment, the shrinking informal sector and low investment in agriculture Dr Albert Musisi, from the macroeconomic policy department at the finance ministry, said the government needs more domestic revenue sources to finance the new development plan. The International Monetary Fund (IMF) country representative, Clara Mira, noted that Uganda needs to create at least 600,000 jobs every year to absorb the growing labour force. ACODE and partners launched a book titled: ‘Local Governments in Uganda ‘ Democracy, Accountability and Civil Engagement. Source: newvision.co.ug About Post Author Samuel I am a journalist specializing in gambling in Africa and around the world. I am particularly interested in stories about games and casinos. See author's posts SamuelI am a journalist specializing in gambling in Africa and around the world. I am particularly interested in stories about games and casinos. Facebook Twitter LinkedIn Email Print Tags: ACODE, bitcoin, cryptocurences Continue Reading Previous Dozens suffer losses in sham cryptocurrency scheme in MasakaNext $277 Million Powerball Jackpot Winner from Uganda? More Stories BETTING UGANDA Gambler accuses betting firm betPawa of refusing to pay his sh10m 1 week ago Szarlot BETTING UGANDA Pastor closes church after winning over 100m from sports betting 1 week ago Szarlot BETTING UGANDA Ugandan among three suspects detained in Kenya over match fixing 2 weeks ago Szarlot EXPERTS UGANDA Which African country gambles the most? 3 weeks ago Samuel CASINO HOT NEWS UGANDA The Ugandan regulator has embarked on eliminating illegal gaming operators 3 weeks ago Iwo Bulski BETTING UGANDA Mojabet Is Now Official Olympique de Marseille’s African Betting Partner 1 month ago Samuel BETTING UGANDA The ups and downs of sports betting in Africa 1 month ago Szarlot BETTING UGANDA Melbet online betting is a stable source of income 2 months ago Szarlot BETTING UGANDA Up To 20 Arsenal Fans Arrested Over Trophy Parade In Uganda 2 months ago Samuel ONLINE UGANDA iGaming in Africa, a wealth of potential 2 months ago Samuel BETTING UGANDA Bookmakers in Uganda 2 months ago Samuel BETTING UGANDA Africa’s Unregulated Sports Betting Markets Cause Serious Concern 3 months ago Szarlot Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ This site uses Akismet to reduce spam. Learn how your comment data is processed.