UGANDA Uganda – Akol wants policy on cryptocurrencies 3 years ago Samuel Post Views: 508 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 NETBALL: The search for $ 36 billion starts with fundraising 3 weeks ago Samuel HOT NEWS UGANDA How Uganda’s Road to Cash-less Economy Aid Online Betting and Gambling 2 months ago Adeleye Awakan BETTING UGANDA Pragmatic Play develops African profile 2 months ago Samuel EXPERTS UGANDA SCCG and Uganda’s Genius Gaming Consult sign Africa 2 months ago Iwo Bulski BETTING UGANDA Uganda Lawmakers Push for Daytime Sports Betting Ban 4 months ago Iwo Bulski EXPERTS UGANDA Top Five Gambling Markets in Sub-Saharan Africa 4 months ago Samuel ONLINE UGANDA Fantasy sports in Africa: Can $3m funding make it popular? 4 months ago Szarlot BETTING UGANDA Global Bookmaker 1xBet Pledges €1m to Ukrainian Humanitarian Relief 5 months ago Iwo Bulski EXPERTS UGANDA Bank of Uganda Commences CBDC Study 5 months ago Adeleye Awakan HOT NEWS ONLINE UGANDA Will Uganda’s Internet Penetration Ever Come Close to Kenya’s? 5 months ago Samuel ONLINE UGANDA Is Uganda the Next Big Market for Online Entertainment in Africa? 6 months ago Szarlot ONLINE UGANDA MTN Uganda introduces overdraft facility 7 months ago Iwo Bulski 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.