For me, all investment is risky, when it comes to money involvement you are risking your money it will end into three-part only, is either you will have some profit ( massive or meager) sustain ( you just try it, and you don’t lose your money or even earn), and the last is you lose your money in your investment. Cryptocurrency is risky because most of the people spend money on it, and the price rate of this cryptos is very fluctuating if you compared it to other investments that have a must stable price. But don’t blame cryptos you’re the one that taking the risk right.

Yes.Its risky.I'm agree with that.But its only risky to people who don't know about crypto ,market condition ,fundamental and technical analyze.You know those.There is no risk,there is only one thing to do.Start counting your profits.If you know the market behavior you always get profits

LOOOOOL
Coming from a country whose top central bank officials just had a money printing scandal.
Apparently some corrupt bank officials printed an unauthorized amount of money for their personal use  
This just happened last month
Currency saga: charged BoU officials out of office


I guess the don't want people to take control of their own money

What a funny opinion from them.

Don't they know that any investment has risk??? I don't like to say this but they are stupid if they don't know this. This is coming from a country who has a money printing scandal. Only the newbies will fall into this stupid article.

Uganda and its banks do not affect the cryptocurrency, since the government of this country has always had a negative attitude towards it. Therefore, this news means little to the world of cryptocurrency. States with an authoritarian regime have always treated the cryptocurrency with anti-corruption. It does have moderate risks in its use, like any other financial assets and any type of business.

In my opinion yes crypto currency is risky in investing into trading.because we never know the volatility value of crypto.but it is up to you if you want to enter  in investing trading. but if not you can still use this to convert into money and then it is now not risky.what Im saying is that crypto is risky on how to use it.and it is up to you how will you use it.nowadays crypto specially bitcoin are very useful in our lives. In proper using of this crypto how will be crypto is risky? I was just thingking that central bank of uganda dont want to use crypto in there industry because they are afraid of lossing customer switch to crypto.thats why they saying using crypto is risky. All bank should accept crypto nowadays because crypto use people now for the convenience and easy ways of any transaction involve of money.and I think they should accept crypto and collaborate to crypto user for a better living.

Everything in this world we find ourselves in has its own risk attached to them. Its not about the risky nature but people should look at the basic ideology behind cryptocurrency and how it can be used to simplify the standard of living of everybody. A lot of people are more concern about the risky nature of Bitcoin rather than looking at how they can help improve the amazing technology backing cryptocurrency.

In order to experience the high risk high return property of any financial asset you have to invest in the beginning stages of the asset when the valuation is really low when no one really cares about it and if you have the courage to test the waters during that time then it will be known as a high risk high reward situation and not when you invest when the price is well around $10k  . That does not mean that it will not give you a huge profit but the idea of high reward cannot be said now.

And they didn't say anything wrong, Bitcoin is risky, everyone who deals with it knows that.
Also, the role of central banks is to watch monetary systems and also to warn citizens about possible monetary and financial risks. That doesn't mean they are against Bitcoin but because of its nature at this moment it's impossibe to be implemented formaly into economy system. And that is not only in Uganda.

Most central banks will share same stance as regard crypto being a risky investment vehicle. The more progressive ones will see the technology behind cryptocurrency and find ways they can harness its potential to suit their own operations. Bonds for example are already being offered on the blockchain because of the unique protection and transparency it provides.