Although cryptocurrencies are not regulated, and market volatility is sometimes huge, I am sure that this direction will develop and we will be able to use cryptocurrency as a means of payment on a par with Fiat. And so that there is less doubt in society, just pay attention to new technologies, to see, this is a potentially new growth, which means new jobs, a way to attract investments.

Well, whether cryptocurrency or not, investment is all about taking risk and so does any business.

Everyone is entitled to their own decision and actions, so he shouldn't specifically tell them not to invest in it. His major concern should be on how to run a fair and transparent government and not trying to control the people on what they should use their money for.

Majority of citizens in Uganda gained and are still gaining financial freedom through cryptocurrency; that he should appreciate.

When you have a cryptocurrency, you can make transactions with less losses on the commission, but most importantly, no one will forbid you to send or receive funds. I like that I can support projects that seem important and promising to me, and do not even need to have a huge budget. It gives the feeling that you can change something for the better, make a contribution to society. Many investors and politicians forget about this.

As a long-term investment, Bitcoin can provide excellent returns. But of course, most people do not want to expect and therefore switch to low-frequency trading. And here the risk of loss is even greater. Why it seems that the scope of investment is not available to non-initiates. But when studying financial mechanisms, it becomes clear that cryptocurrency is not only profit but also a way to make your voice meaningful by supporting important innovations.
 

This is basically one of the reasons why he went on to conclude that cryptocurrencies are risky. They cannot create a new legal framework that correctly translates what cryptocurrencies are and what it is not. More importantly, they cannot control the said currency. If they find a way to do so, it would be very limited to exchanging it to local currencies and vice versa. The thing is, they really haven't studied the implications of cryptocurrencies on a larger scale and their view is very limited, having to conclude that 'cryptos are bad' because they are just viewing the surface and are not willing to dive deeper.

Ok let's look at some facts! I am seeing a trend that countries with transparent administration are actually adopting cryptos to be mixed with the mainstream economy and countries with great number of corruption are pushing it back. For reference, I have used "Corruption Perceptions Index" from 2018.

Countries that adopted bitcoin:
1. Japan - Ranked 18th
2. Germany - Ranked 11th
3. United States - Ranked 22nd

Countries that pushing back bitcoin:
1. Uganda - Ranked 149th
2. India - Ranked 78th
3. Bangladesh - Co hold the rank 149
4. Pakistan - Ranked 117th

Cryptos are not risky. The greater risk comes from the corrupted and age old politicians who doesn't have the power to understand the gravity and utility of crypto currencies.

ofcourse its a risky.thats why we love it lol. usd or gold or any other assets are risky too but governments never talk about it.they make me laugh.

This is a common issue in almost all countries. Politicians to govt employee, most of the people are corrupted. They are not transparent, they steal people's money, they make law for favoring themselves.
I see bitcoin as a better transparent system, less chance of stealing money, the same laws for everyone.

Cryptocurrency investment is risky, well, all the stock markets are as well 

in other words Uganda just did what 90% of other countries have done at least 5 or 6 years ago and deemed cryptocurrencies risky and even issued warnings about them. that is not news! specially when it is coming from a bank which they are always going to be threatened by bitcoin because it is decentralized and out of their control.

Everyone makes fun of those scammers but they are just doing that to survive.  It is sad they are even in that situation and don't have any other way to improve their quality of life.  I receive a lot of those blackmail e-mail from them, not sure how my e-mail got leaked but is obviously in their hands now.