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UGANDA: The speaker of Parliament Hon, Rebecca Kadaga warns MPs against cryptocurrency

UGANDA: The speaker of Parliament Hon, Rebecca Kadaga warns MPs against cryptocurrency

UGANDA
Last week, over 5,000 people petitioned Parliament seeking a refund of money invested in Dunamiscoins Resource Ltd, a private firm that accepted deposits before suddenly closing shop in December In her communication to the House this afternoon, Kadaga told Parliament that she had received a number of petitions from Ugandans whose money had been taken by different pyramid schemes. “They come to you saying put your money for one week and you will get double that money. Please be careful and please inform your electorate about these schemes,” Kadaga warned. Citing examples of different people that had petitioned her office, Kadaga informed the MPs of how a group of people had lost about Sh20b in one of the schemes. She also cited a young man, who had collected money f...
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