Nigeria
Nigeria: OurPass Set to Expand Banking Services with Acquisition of MFB License
OurPass, the e-commerce platform renowned for its one-click checkout feature and recent foray into business banking, is set to broaden its financial services ...
Regulatory
Global: SEC Alleges Investment Advisers Made False Claims Regarding AI Utilization
Federal regulators have taken action against two investment advisers, accusing them of making fraudulent assertions regarding their use of artificial intelligence (AI). Delphia ...
Nigeria
Nigerian Authorities Probe Alleged Sale of Citizens’ Digital ID Data
Nigeria’s National Identity Management Commission (NIMC) is taking action following revelations of the illicit sale of Nigerian citizens’ personal data by a private ...
News
Global: AI Act Approved in EU, Stablecoin Regulations and Crypto Mining Tax in US: Legal Update
The European Parliament has officially given its seal of approval to the European Union’s landmark artificial intelligence (AI) legislation, known as the EU ...
Regulatory
Global: IMF Urges Pakistan to Tax Crypto Gains for $3B Bailout
The International Monetary Fund (IMF) has issued a directive to Pakistan’s Federal Board of Revenue (FBR), stipulating the imposition of Capital Gains Tax ...
Regulatory
Global: Turkish Competition Authority Takes Action Against Meta’s Data Sharing Practices
Turkey’s competition authority has issued an interim measure against Meta Platforms Inc., aiming to restrict data sharing between Instagram and Threads platforms amid ...
Nigeria
Nigeria: Report Reveals Only Seven Banks May Meet CBN Recapitalization Requirements
A recent report from Ernst and Young suggests that if the Central Bank of Nigeria (CBN) increases the capital requirement for banks from ...
Nigeria
Nigeria: Majority of Nigerian Banks May Struggle to Meet Increased CBN Capital Requirements
A recent report by Ernst and Young suggests that 17 out of 24 Nigerian banks could face challenges meeting the capital requirements set ...
Regulatory
Global: Swedish Central Bank Urges Legislation to Safeguard Cash Usage
Amidst a declining trend in cash usage across Sweden, the central bank governor emphasizes the necessity for legislation to uphold the accessibility of ...
Regulatory
Global: Indonesia’s Financial Regulator Rolls Out New Crypto Regulations to Bolster Industry
Indonesia’s financial landscape is poised for transformation as the country’s financial services regulator, the Financial Services Authority (OJK), introduces new regulations aimed at ...