Tag Archives: Cryptocurrencies

Stockholm, Sweden | Xinhua | Cryptocurrencies have no value whatsoever and thus cannot shake the financial system, Ben Bernanke, winner of this year’s Nobel Prize in economics, was quoted by the Swedish Daily Dagens Nyheter (DN) as saying on Wednesday. Dismissing the crash for cryptocurrencies, Bernanke said that “I believe that …

United Nations | Xinhua | The UN Conference on Trade and Development (UNCTAD) called for actions to curb cryptocurrencies in developing countries in three policy briefs published on Wednesday. While private digital currencies have rewarded some, and facilitate remittances, they are an unstable financial asset that can also bring social risks …

Washington, U.S. | Xinhua | U.S. President Joe Biden on Wednesday signed an executive order calling on the whole government to examine the risks and benefits of cryptocurrencies, placing great urgency on the research and development of a possible digital U.S. dollar. “Digital assets, including cryptocurrencies, have seen explosive growth in …

Kampala, Uganda | THE INDEPENDENT | The Katikkiro of Buganda Charles Peter Mayiga has cautioned Ugandans against cryptocurrencies and other ponzi schemes, saying they are designed to defraud them. Speaking at the opening of the Buganda Lukiiko at Bulange Mengo on Monday, Mayiga said there is no shortcut to getting …

Beijing, China | AFP | As Facebook readies to launch its answer to bitcoin, China is set to introduce its own digital currency — one that could allow the government and the central bank to see what people spend their money on, according to analysts. Far from the libertarian ideals of …

Kampala, Uganda | THE INDEPENDENT | Finance Minister Matia Kasaija has issued a strong warning to Ugandans investing in cryptocurrencies, saying the government does not recognize them and citizens are on their own. A Cryptocurrency is a digital currency in which encryption techniques are used to regulate the generation of …

Washington, United States | AFP |  Facebook’s planned global digital coin Libra has run into a wall of opposition in Washington that could prevent its launch as envisioned, but analysts say cryptocurrencies are likely to make gains around the world nonetheless. The plan by Facebook and its partners has generated skepticism …

African central banks should set up specialised units dedicated to researching cryptocurrencies Kampala, Uganda | ALLEN CHORUMA | As the use of cryptocurrencies gains momentum, African central banks, gripped by crypto-phobia, are pressing panic buttons, with some taking the easy way out by banning the use and trading in cryptocurrencies in …