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Ugandan central bank u-turns on crypto welcoming firms to regulatory sandbox -Breaking

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Ugandan central bank reverses its stance on cryptocurrency welcoming companies to their regulatory sandbox

Bank of Uganda will consider cryptocurrency business participation in the Regulatory Sandbox. BAU members are welcome to come and share their expertise with the bank.

Kwame Raungunda was referred to in a letter sent by the central bank on June 1, which he received from Kwame Rungunda the BAU chairperson. It referred to their meeting that took place early May. The central bank also advised the country’s crypto advocacy group to brush up on the sandbox RegulatedIt was not possible to continue technical discussions.

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