Uganda is a much less developed financial economy that does not officially recognize cryptocurrencies as a form of currency, but it also does not expressly prohibit them in the Ugandan market as digital assets.
(Our audio was compromised but the gold is in the CONTENT)
In this episode, Noah Baalessanvu, an Executive Strategist at CryptoSavannah starts us off with an understanding of cryptocurrencies, their economics, assets, wallets, funds and how relevant these are in the financial services sector in fueling the wheels of our economy. He shares his thoughts on;
- What's happening in the ecosystem.
- What cryptocurrency is, it's characteristics.
- How important it is for money to be transparent.
- How ready Uganda is for Crypto.
- The opportunities.
- Essentials for interested parties.
- Dangers of not regulating the industry.
- Misconceptions around crypto.
- and GOLD; what it will take to achieve a middle class status.
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Find our more about the podcast producer & Host here, send inquiries to onuganda@gmail.com or call/ whatsApp +25678537996.
Episode guest: Noah on twitter, check out some of their cool projects on CryptoSavannah's Website
Resources.
- 2018 A Continental Position on Blockchain launched by the President and the ICT Minister Frank Tumwebaze here
- 2019 The cabinet Finance minister rejects crypto and says it isn’t recognized as a legal tender Kasaija here.
- 2020 - State Bahati defends against the narrative in Parliament by differentiating the 2 (Ponzi schemes and Cryptocurrencies) here
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Special Thanks to our sound engineer, Umisha Gheewala for giving us rights to "Sounds of Uganda" (watch the video, so cool).
