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Monday, July 7, 2025

Bank of Uganda finally accepts crypto in its regulatory sandbox - Cryptopolitan

The Bank of Uganda (BoU) has stated that it is open to considering crypto firms into the bank’s regulatory sandbox. Blockchain Association of Uganda received the news with positivity. Mr. Andrew Kawere, the Director of the Bank of Uganda’s National Payments Service, passed the information to chairperson BAU. Part of the email to BAU read.
Your plea to peer learning with our technical staff on crypto-economic models is granted with positivity by BoU. We have investigated whether or not the regulatory sandbox is the right environment for testing certain use cases.
Andrew Kawere
The term live trial of innovative products and services in a controlled setting typically refers to the use of a “Regulatory Sandbox.” Regulatory sandboxes are becoming popular as the landscape of the banking sector in Africa continues to change. The Bank of Uganda (BoU) announced in 2021 that it would be developing a regulatory sandbox framework.
This regulatory sandbox framework offers rules and procedures...



Read Full Story: https://www.cryptopolitan.com/bank-of-uganda-opens-its-sandbox-to-crypto/

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