Uganda is one of the few African nations where there is a crypto-friendly environment and today there are so many crypto companies in the Ugandan market. Until this time it was believed that the crypto landscape in Uganda was thriving but soon the situation may change as some major crypto companies started to leave the country.
Binance, the world’s largest cryptocurrency exchange by market capitalization, will be launching its first fiat crypto exchange in Uganda.
The new platform, Binance Uganda, will support the Ugandan Shilling, alongside major cryptocurrencies. The first 20,000 users to register with the service will receive 0.5 binance coins (BNB) as “appreciation”
The government of Uganda is planning to use blockchain technology to improve the efficiency in public service delivery.
Vicente Bagiire Waiswa, permanent secretary of the Ministry of ICT , said that the government recognizes the growing trends in the technology sector and is positioning itself to be at the forefront so as to take advantage of these opportunities.
East Africa-based charity GiveDirectly has revealed that it has received a $1 million donation in OMG tokens from decentralized payment network OmiseGo and Ethereum founder Vitalik Buterin, who also serves as an advisor for OmiseGO.
Founded in 2009, GiveDirectly is a nonprofit organization operating in East Africa that helps families living in extreme poverty by making unconditional cash transfers.