Prime

BoU warns of OneCoin risks as firm sets up shop in Kampala

The One Coin Digital Money offices in Kampala. PHOTO | MORGAN MBABAZI

The Bank of Uganda (BoU) has warned against use of the digital currency OneCoin, saying it has not licensed any virtual money dealers.

The Central bank joins other world regulators in cautioning citizens against the lure of digital currencies, which they say have no legal backing.

Be the First to Know

Get the stories shaping East Africa — delivered straight to your inbox

Conflict

  1. PRIME Sudan war controversy clouds Lana Nusseibeh's late charge for UN top job

  2. PRIME Kenya, Tanzania face pushback on mandatory travel insurance

  3. Tigray

    PRIME US sidelines TPLF as it seeks to mediate Ethiopia–Eritrea dispute

  4. Sudan's currency tumbles to new low as war hammers economy

Latest

  1. PRIME Sudan war controversy clouds Lana Nusseibeh's late charge for UN top job

  2. PRIME Kenya, Tanzania face pushback on mandatory travel insurance

  3. DANGOTE-REFINERY

    Dangote’s deal is a timely lesson in mobilising own capital

  4. PRIME Israeli diplomats vote in Nairobi as nation heads into tense election

In the headlines

View All