UGANDA Uganda – Akol wants policy on cryptocurrencies 4 years ago Samuel Post Views: 666 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 EXPERTS UGANDA Uganda’s government cashes out from gambling boom 1 hour ago Iwo Bulski ONLINE UGANDA Elevate Your Gaming Experience with the Buffalo Slots Mobile App 1 hour ago Tools EXPERTS UGANDA 1000 Ugandan students drop out annually-reason is gambling 1 day ago Szarlot CASINO UGANDA Kampala`s Underworld in Casinos 6 days ago Szarlot ONLINE UGANDA Frequently Asked Questions about Buffalo Slots 1 week ago Iwo Bulski ONLINE UGANDA Xsolla Brings New Payment Methods for Gamers in Africa 1 week ago Szarlot EXPERTS UGANDA Differences in gambling laws in Africa vs other parts of the world 3 weeks ago Samuel ONLINE UGANDA How to Earn a 4% Commission on Deposits with Buffalo Slots 3 weeks ago Tools BETTING UGANDA Fortebet Uganda: Revolutionizing the Betting Experience 3 weeks ago Szarlot EXPERTS HOT NEWS UGANDA Comtrade gaming rolls out central monitoring system in Uganda 3 weeks ago Szarlot BETTING UGANDA African Football Betting’s Prospects for the Future 4 weeks ago Szarlot ONLINE UGANDA Mukono mobile money hacker arrested 4 weeks 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.