Regulatory
Global: New Zealand Central Bank Enforces Swift Cyber Incident Reporting Rules Throughout 2024
The Reserve Bank of New Zealand (RBNZ) has mandated that banks report significant cyber incidents within 72 hours as it introduces a phased ...
Nigeria
Nigerian House of Representatives Summons Binance CEO Over Money Laundering Concerns
The Committee on Financial Crimes of the Nigerian House of Representatives has issued a summons to Binance CEO, Richard Teng, to appear before ...
Regulatory
Global: Paytm Business Bank Penalized for Money Laundering; Faces Regulatory Scrutiny
Indian regulator Financial Intelligence Unit has imposed a fine of 55 million rupees (approximately $663,000) on Paytm’s banking business over money laundering allegations. ...
Regulatory
Global: Final Approval Required for EU-Government Digital Identity Wallets
The European Union has given substantial approval to legislation that paves the way for residents to have digital ID wallets without relying on ...
Nigeria
Nigerian Government Denies $10 Billion Binance Fine Reports
A representative of the Nigerian government has dismissed speculation surrounding a reported $10 billion fine for the cryptocurrency exchange Binance. Bayo Onanuga, a ...
Nigeria
Nigeria: CBN Revokes Licenses of 4,173 BDCs for Regulatory Violations
In a significant move to enhance regulatory compliance in the local currency market, the Central Bank of Nigeria (CBN) has invalidated the licenses ...
Nigeria
Nigeria: CBN Governor Affirms Naira as Grossly Undervalued, Vows Aggressive Regulatory Measures
Mr. Yemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), declared that the Naira is significantly undervalued, expressing concerns about the ...
Regulatory
Global: FCA Declines Intervention in Wholesale Data Market Despite Identified Improvements
The Financial Conduct Authority (FCA) in the UK has decided against significant intervention in the wholesale market data sector, despite recognizing areas for ...
Regulatory
Global: SEC Commissioner Hester Peirce Advocates Increased Decentralization in U.S. Financial System
Hester Peirce, Commissioner of the United States Securities and Exchange Commission (SEC), has emphasized the need for greater decentralization in the U.S. financial ...
Regulatory
Global: Hong Kong to Introduce Regulatory Sandbox for Stablecoin Issuers, Announces Financial Secretary
During the 2024 budget announcement on Wednesday, Hong Kong’s financial secretary, Paul Chan, revealed the Hong Kong Monetary Authority’s (HKMA) plans to establish ...
