UGANDA Uganda – Akol wants policy on cryptocurrencies 3 years ago Samuel Post Views: 539 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 Ugandan health worker loses 6,7 million bet on World Cup game 2 days ago Samuel EXPERTS UGANDA How hackers stole billions from Airtel Money in Uganda 1 week ago Szarlot ONLINE UGANDA Fintech firm MFS Africa granted payments licenses to operate in Uganda 3 weeks ago Iwo Bulski EXPERTS UGANDA URA seeks to collect Shs5b from VAT on non-resident tech giants 4 weeks ago Iwo Bulski EXPERTS UGANDA URA registers 21.4% growth in revenue collections 4 weeks ago Szarlot EXPERTS UGANDA Uganda: Galaxy FM Director Dies in Nasty Entebbe Expressway Crash 1 month ago Iwo Bulski EXPERTS UGANDA Interpool: Illegal Sports Betting In Macau, Albania & Uganda 1 month ago Szarlot EXPERTS UGANDA Uganda: Why Ura Is Tapping Into Digital Economy to Increase Revenue Collection 2 months ago Samuel HOT NEWS UGANDA Independence Day in Uganda 2 months ago Iwo Bulski EXPERTS UGANDA Tackling dangers of gaming is top priority 2 months ago Iwo Bulski ONLINE UGANDA MTN Uganda Announces Top 3 Winners 2 months ago Szarlot BETTING UGANDA These are the biggest betting companies in Uganda 3 months ago Samuel 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.