Regulatory
Global: Diverse Regulations Impede Stablecoin Effectiveness, BIS Highlights
A recent analysis by the Bank for International Settlements (BIS) across 11 different jurisdictions has revealed that the global potential of stablecoins is ...
Nigeria
Nigeria: Foreign Exchange Regulations Impacting Cross-Border Commerce, Traders Report
Traders engaged in cross-border activities have voiced concerns that the foreign exchange policies implemented by the Central Bank of Nigeria (CBN), which require ...
Nigeria
Nigeria: Government Endorses Cardoso’s Strategies for Naira Revival and Targets Forex Manipulators
In a recent announcement, Ajuri Ngelale, the President’s Special Adviser on Media and Publicity, confirmed the administration’s support for the initiatives led by ...
Nigeria
Nigeria: NGX Group commences strategic investment in Ethiopian Securities Exchange
Nigerian Exchange Group, NGX Plc has announced a significant investment in the Ethiopian Securities Exchange (ESX). NGX Group is among the top institutional investors that ...
Regulatory
Global: Hong Kong regulator fast-tracks Bitcoin spot ETF approvals
The first batch of spot Bitcoin ETFs is set to be approved in the region by April 15, According to local news outlet Tencent ...
Regulatory
Global: EBA Clearing preps Verification of Payee
EBA Clearing will roll out a pan-European Verification of Payee feature by the end of the year. Ready by December, the feature will ...
Nigeria
Nigeria: CBN Issues Warning Against Using Forex as Collateral for Naira Loans
The Central Bank of Nigeria (CBN) has issued a stern warning to bank customers, urging them to refrain from using foreign currency as ...
News
Global: ECB Initiates DLT Trials for Wholesale Central Bank Money Settlement
The European Central Bank (ECB) is spearheading a collaborative effort to explore the potential of distributed ledger technology (DLT) in settling wholesale transactions ...
Regulatory
Global: Swiss National Bank Chairman Cautions Against Retail CBDC
Thomas Jordan, Chairman of the Swiss National Bank (SNB), voiced concerns on Monday (April 8) regarding the risks associated with introducing a central ...
Nigeria
Nigeria: Exclusion of Retained Earnings Poses Challenges for Nigerian Banks’ Recapitalization, Warns Moody’s
Moody’s Rating has cautioned that the exclusion of retained earnings from Nigeria’s deposit money banks’ (DMBs) capital base calculation will complicate recapitalization efforts ...