Criticisms as Uganda orders ID verification for digital financial transactions of $260 and above

A recent directive by the Bank of Uganda (BoU) for all digital financial transactions of one million Ugandan shilling ($260) and above to be completed upon the presentation of a government-issued ID document has sparked diverse reactions.

Critics say the move announced this month by the country’s central bank will bring about several challenges and slow down business given that many citizens in the country do not have ID cards.

On Aril 19, the BoU announced in a message on …

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