Kenya
Kenya: Central Bank of Kenya Grants Licenses to 19 New Digital Credit Providers
The Central Bank of Kenya (CBK) has awarded licenses to 19 additional digital credit providers (DCP), bringing the total count of registered companies ...
Regulatory
Global: Federal Reserve Chair Powell Affirms Distant Plans for CBDC Implementation
Federal Reserve Chairman Jerome Powell, in his testimony before the Senate Banking Committee on March 7, dismissed the notion that the United States ...
Nigeria
Nigeria: NGX Group Appoints Olufemi Shobanjo as CEO of NGX Regulation Limited
The Board of NGX Group Plc has officially named Mr. Olufemi Shobanjo as the Chief Executive Officer of NGX Regulation Limited (NGX RegCo), ...
Regulatory
Global: CFPB Faces Criticism During Congressional Hearing on “Politicized” Financial Regulation
The Consumer Financial Protection Bureau (CFPB) encountered strong criticism on Capitol Hill during a hearing on “Politicized Financial Regulation and its Impact on ...
Nigeria
Nigeria: CBN Issues Stern Warning on Timely Regulatory Returns to Mortgage Banks, Development Finance Institutions, and Microfinance Banks
The Central Bank of Nigeria (CBN) has issued a firm warning to primary mortgage banks (PMBs), development finance institutions (DFIs), and microfinance banks ...
Nigeria
Nigeria: SEC Announces Stricter Regulations for Digital Assets Operations
The Securities and Exchange Commission (SEC) has unveiled its intention to enhance and update guidelines governing the operations of digital assets and virtual ...
Global
Global: India Enforces Open Choice: Banks Barred from Exclusive Credit Card Agreements
In a significant regulatory move, the Reserve Bank of India (RBI), the country’s central bank and primary bank regulator, has directed banks to ...
Regulatory
South Africa’s Ambitious COFI Bill Set to Revolutionize Fintech Industry
The South African government has unveiled plans to introduce the Conduct of Financial Institutions (COFI) Bill, marking a significant step toward reforming and ...
Nigeria
Nigeria: Binance Ceases Naira Services Amid Regulatory Tensions
Binance, the prominent cryptocurrency exchange, has declared the suspension of services supporting the Nigerian naira on its platform, effective from Tuesday. In an ...
Nigeria
Nigeria Disconnects Millions of Unregistered SIMs Without Verified Digital IDs
As of the February 28 deadline for registration with the National Identity Number (NIN), mobile network operators in Nigeria have disconnected millions of ...