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Joined March 2021
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The Blockchain Devfest brings together a community of passionate developers in the blockchain space.
The team at @unifidID is engaging stakeholders on how we are using the technology to foster decentralized identity verification. @BChainDevFest
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Yesterday, we joined key stakeholders at the Sector Forum on Crypto & Virtual Assets in Uganda, held at Protea Hotel, Kololo, under the theme โThe State and Future of Crypto and Virtual Assets in Uganda.โ
Cc: @ThefiaU, @FitspaUG, @HopeFirst
With Uganda emerging as one of Africaโs fastest-growing virtual asset markets, the discussions highlighted the importance of collaboration between industry and regulators to build a responsible, inclusive, and sustainable digital economy.
As virtual assets continue to become part of Ugandaโs financial landscape, we believe conversations like these are essential in shaping policies that encourage innovation while strengthening trust and protecting users. #MUDA #CryptoAssets #VirtualAssets #Blockchain #fintechUganda
Muda Tech retweeted
Uganda's rise from 100th to 34th in global virtual asset adoption shows just how quickly the ecosystem is evolving. The key takeaway from @ThefiaU's assessment is clear: regulation and innovation should move together, not against each other.
๐ข ๐๐๐๐๐๐๐๐๐๐๐๐: ๐
๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐ข๐ซ๐ญ๐ฎ๐๐ฅ ๐๐ฌ๐ฌ๐๐ญ๐ฌ ๐๐ง๐ ๐๐ข๐ซ๐ญ๐ฎ๐๐ฅ ๐๐ฌ๐ฌ๐๐ญ ๐๐๐ซ๐ฏ๐ข๐๐ ๐๐ซ๐จ๐ฏ๐ข๐๐๐ซ๐ฌ ๐๐/๐๐
๐๐ข๐ฌ๐ค ๐๐ฌ๐ฌ๐๐ฌ๐ฌ๐ฆ๐๐ง๐ญ ๐๐จ๐ซ ๐๐ ๐๐ง๐๐
In a presentation, Edward Amanyire, Manager Strategic Analysis at the @ThefiaU reported the findings of Ugandaโs first National Money Laundering and Terrorist Financing (ML/TF) Risk Assessment on Virtual Assets and Virtual Asset Service Providers.
The presentation highlighted the rapid growth of Ugandaโs virtual asset ecosystem and the increasing need for a coordinated approach to understanding, managing, and governing emerging risks.
According to the assessment, Ugandaโs virtual asset adoption ranking improved from 100th globally in 2022 to 34th in 2024, with the country ranking 18th out of 155 countries for peer-to-peer exchange activity. The report further estimated approximately USD 564.2 million in virtual asset inflows and USD 545.5 million in outflows between July 2020 and June 2024.
A key message from the presentation was that a high-risk assessment is not a call to stop innovation, but a call to govern it.
Amanyire emphasized the need for Uganda to establish a clear regulatory framework for Virtual Asset Service Providers (VASPs), strengthen Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) controls, provide practical guidance to private sector players, and enhance public-private collaboration to manage risks while allowing responsible innovation to thrive.
The assessment noted that while virtual assets present opportunities for financial innovation, their rapid evolution also requires stronger oversight around areas such as consumer protection, customer due diligence, transaction monitoring, and prevention of financial crimes.
The findings provide an important foundation for stakeholders to better understand Ugandaโs virtual asset landscape and support the development of a balanced approach that promotes innovation, protects consumers, and strengthens the integrity of the financial system.
#FITSPA #CryptoAssets #VirtualAssets #Blockchain #DigitalFinance #FinancialIntegrity #AML #CFT #FintechUganda #DigitalEconomy
Muda Tech retweeted
Attending a forum for crypto and Virtual assets in Uganda. We have had the keynote from the vice chairperson @FitspaUG @DoreenLukandwa and #FinancialIntelligenceAuthority representative #JamesSakka
Muda Tech retweeted
Currently at the advertised forum for crypto and virtual assets providers. @mudatech_ CEO Suleiman Muranga had made a compelling case on what the typical Ugandan user seeks after and why they are engaging in the space. Special thanks to @fitspaug
Muda Tech retweeted
We are having a discussion about #regulation, #risk, #policy and #activity in the crypto and virtual asset spaces. Special thanks to the team @fitspaug #CapitalMarketsAuthority
Uganda's rise from 100th to 34th in global virtual asset adoption shows just how quickly the ecosystem is evolving. The key takeaway from @ThefiaU's assessment is clear: regulation and innovation should move together, not against each other.
๐ข ๐๐๐๐๐๐๐๐๐๐๐๐: ๐
๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐ข๐ซ๐ญ๐ฎ๐๐ฅ ๐๐ฌ๐ฌ๐๐ญ๐ฌ ๐๐ง๐ ๐๐ข๐ซ๐ญ๐ฎ๐๐ฅ ๐๐ฌ๐ฌ๐๐ญ ๐๐๐ซ๐ฏ๐ข๐๐ ๐๐ซ๐จ๐ฏ๐ข๐๐๐ซ๐ฌ ๐๐/๐๐
๐๐ข๐ฌ๐ค ๐๐ฌ๐ฌ๐๐ฌ๐ฌ๐ฆ๐๐ง๐ญ ๐๐จ๐ซ ๐๐ ๐๐ง๐๐
In a presentation, Edward Amanyire, Manager Strategic Analysis at the @ThefiaU reported the findings of Ugandaโs first National Money Laundering and Terrorist Financing (ML/TF) Risk Assessment on Virtual Assets and Virtual Asset Service Providers.
The presentation highlighted the rapid growth of Ugandaโs virtual asset ecosystem and the increasing need for a coordinated approach to understanding, managing, and governing emerging risks.
According to the assessment, Ugandaโs virtual asset adoption ranking improved from 100th globally in 2022 to 34th in 2024, with the country ranking 18th out of 155 countries for peer-to-peer exchange activity. The report further estimated approximately USD 564.2 million in virtual asset inflows and USD 545.5 million in outflows between July 2020 and June 2024.
A key message from the presentation was that a high-risk assessment is not a call to stop innovation, but a call to govern it.
Amanyire emphasized the need for Uganda to establish a clear regulatory framework for Virtual Asset Service Providers (VASPs), strengthen Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) controls, provide practical guidance to private sector players, and enhance public-private collaboration to manage risks while allowing responsible innovation to thrive.
The assessment noted that while virtual assets present opportunities for financial innovation, their rapid evolution also requires stronger oversight around areas such as consumer protection, customer due diligence, transaction monitoring, and prevention of financial crimes.
The findings provide an important foundation for stakeholders to better understand Ugandaโs virtual asset landscape and support the development of a balanced approach that promotes innovation, protects consumers, and strengthens the integrity of the financial system.
#FITSPA #CryptoAssets #VirtualAssets #Blockchain #DigitalFinance #FinancialIntegrity #AML #CFT #FintechUganda #DigitalEconomy
A risk-based framework that strengthens AML/CFT, protects consumers, and provides clarity for VASPs will help build trust while enabling responsible innovation to thrive.
Looking forward to seeing continued collaboration between regulators and industry players as Uganda shapes the future of digital finance.
#FITSPA #CryptoAssets #VirtualAssets #Blockchain #DigitalFinance #FinancialIntegrity #AML #CFT #FintechUganda #DigitalEconomy
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Crypto is evolving into real utility. Payments, purchases, and everyday use. Thatโs the real shift.
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Your crypto. Your daily life. Crypto isn't just for trading anymore. It's for LIVING. ๐โก
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Liquidity Rail bridges the gap between digital assets and local currency, helping you turn stablecoins into money you can actually use instantly.
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