2016 Kampala report on crypto currency regulation.pdf

The aim of the discussion was to create awareness about the use of virtual currencies in Uganda; to share findings of the Commonwealth Virtual Currencies Survey (2015) on Uganda; to compare individual and institutional experiences; and to develop instructive guidance on effective ways with which to regulate this new form of crypto currency in Uganda. The Kampala event drew participants from the parliamentary service, academia, financial investigatory and regulatory bodies, Chamber of Commerce and Industry, private Fintech advisory companies, and the insurance sector. Panelists came from Guiding principles that aimed to underpin any legal or regulatory framework were drafted by participants along thematic lines of technology, policy, law, investigatory, prosecutorial and adjudicatory issues. Participants underscored the need for comprehensive policies and strategies and awareness-raising among the public, the private sector and among rural communities. The principles will be further developed at the next meeting, in line with Uganda's laws and existing policies on finance, the economy, monetary matters, on information communication technology and cybersecurity. This report covers the panel talks, discussions, recommendations and the draft guiding principles. The second roundtable event is scheduled to take place in July 2017.