Quote from: coin-investor on July 15, 2019, 05:51:08 AM

Quote from: BulkWaks1 on July 01, 2019, 09:54:41 AM

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

It's nothing new and this is a fact but still, countries prefer to choose the technologygy behind it and according to Ugandan government

Quote

In his remarks, the governor clarified that the central bank does not have a comprehensive oversight of all financial services firms and institutions, and that its supervision typically spans commercial banks, credit institutions, foreign exchange bureaus and money remittance service providers.

with this remark, we can conclude that they do not want to add another currency because they do not have oversight on oversight of all financial services firms and they are at loss on how they can manage it if cryptocurrency is added.

Uganda is not confident with crypto because it will hinder their politicians to become transparent on every transactions made by them. Crypto histories on blockchain can be tracked unlike fiat hidden agendas. That's how I view it as their alibi's which is not to pin point on something fishy all about.