Blockchain Association of Uganda Archives

Local Crypto to Fiat currency exchange moves to spread blockchain technology in Uganda

Nelson NambooleCompany News News & AnalysisAugust 12, 2022August 12, 2022

Binusu, a Local Crypto currency exchange, and pioneer of fiat to crypto exchange in Uganda has unveiled new features to provide users in Uganda with top-notch services in Fiat to Crypto Exchange. “Our objective is to simplify the use of cryptocurrencies, and we do so while building the trust and confidence of our users,” said Tweheyo Brian, Binusu exchange Chief Executive Officer. He added, “With a new and improved trading platform and other services, Binusu which begun in Uganda, is now ready to take its services to the rest of the world.” According to Tweheyo, Binusu has for the last…

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Cryptocurrencies: Blockchain Association Of Uganda responds to Ministry of Finance’s hands-off-crypto statement

Muhereza KyamuteteraThe Big StoryOctober 2, 2019October 2, 2019

Following a statement by Uganda’s Minister of Finance, Planning and Economic Development on September 30th, Hon Matia Kasaija in which he advised Ugandans to keep off cryptocurrencies, the Blockchain Association of Uganda has urged the Government of Uganda to wake up to, instead of shunning the opportunities presented by blockchain technology and crypto assets. Hon. Kasaija said that the government of Uganda neither regulates nor recognises any crypto-currency as legal tender in Uganda. He also said that his government has not licensed any organization in Uganda to sell crypto-currencies or to facilitate the trade in cryptocurrencies and therefore advised Ugandans…

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