Post
Topic
Board Bitcoin Discussion
Re: Uganda says cryptocurrency is risky
by
suzanne5223
on 05/07/2019, 17:30:40 UTC
Central bank of Uganda refuses to implement crypto because "it's risky"
source: https://cointelegraph.com/news/central-bank-of-uganda-warns-decentralized-cryptocurrencies-are-risky
Uganda’s Central Bank is right, cryptocurrency is too risky we can’t just disagree on this one because its true and that is why we have to educate more people for them to understand the risk. Its better for Uganda’s Central Bank to educate their people, to encourage the local banks to adopt and by this the risk can be lessen because more people will understand cryptos.
Like the Uganda Central bank said, cryptocurrency is risky but we both know that it only risky to does which chose not to learn and understand how it investment works.
To be honest, I'm a bit disappointed with the made by Uganda central cause the country was said to have Uganda large diaspora which mainly resided in United States and United Kingdom which ought to have enlighten them about the potential of cryptocurrency.