Regulatory
Global: EU Competition Chief Vestager Emphasizes DMA’s Initial Focus on App Stores
The upcoming Digital Markets Act (DMA) will prioritize app stores, according to Margrethe Vestager, the European Union’s competition chief. Vestager highlighted the importance ...
Regulatory
Global: U.S. Regulators Expected to Unveil New Banking Rules This Spring, Addressing Liquidity Concerns
In response to last year’s banking crisis, the Federal Reserve and other U.S. regulators are reportedly gearing up to introduce new banking regulations ...
Regulatory
Global: BIS Releases Recommendations for Global Stablecoin Regulation
The Bank for International Settlements (BIS) has issued a set of recommendations aimed at regulating global stablecoins (GSCs) due to the potential risks ...
Regulatory
Global: Taiwan’s FSC Plans Cryptocurrency Regulatory Framework by September
Taiwan is set to introduce a legislative framework to regulate cryptocurrencies by September of this year, targeting both local and international entities involved ...
Regulatory
Global: South Korea’s Privacy Regulator Probes Worldcoin Over Biometric Data Practices
The Personal Information Protection Committee (PIPC) of South Korea is initiating an investigation into Worldcoin’s handling of biometric data amid concerns about potential ...
Regulatory
Global: U.S. Senators Rally Against CBDC, Push for Crypto Custody at Banks
A group of five U.S. senators, including Ted Cruz, Bill Hagerty, Rick Scott, Ted Budd, and Mike Braun, have united against President Joe ...
Global
Global: Irish Central Bank Unveils New Payments Strategy to Address Lag in Europe
The Central Bank of Ireland has introduced a comprehensive multi-year payments strategy, expressing concerns over the slow adoption of instant payments by banks ...
Kenya
Kenya: Blockchain Association of Kenya Advocates New Regulatory Measures for Crypto Firms
BAK, a digital asset industry lobby group, has submitted the Virtual Asset Service Provider (VASP) bill to the National Assembly, advocating for the ...
Nigeria
Nigeria: Financial Reporting Council to Take Stringent Action Against Violations
The Financial Reporting Council (FRC) has issued a stern warning, declaring its intention to mete out severe sanctions on accounting professionals and firms ...
Regulatory
Global: Treasury Prime Shifts Focus to Direct Bank Sales Amid Regulatory Pressures
The evolution of financial services into digital realms, coupled with the emergence of open banking, has spurred a transformative landscape of partnerships within ...
