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Central Bank of Uganda Warns Decentralized Cryptocurrencies Are Risky

Published 06/28/2019, 05:01 AM
Updated 06/28/2019, 05:21 AM
Central Bank of Uganda Warns Decentralized Cryptocurrencies Are Risky

The deputy governor of the Bank of Uganda has warned the public about the limited protections offered them when they invest in unregulated cryptocurrencies.

English-language Ugandan daily New Vision reports on June 28 that the bank’s deputy governor — Dr. Louis Kaskende — made his remarks during a Town Hall meeting in the city of Masaka, which was devoted to educating the public about the institution’s activities and role.

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