Regulatory
Global: Hong Kong Proposes Licensing Framework for Stablecoin Issuers — Consultation Paper
Hong Kong is considering the acceptance and regulation of fiat-referenced stablecoins (FRS), but with a stipulation that issuers must obtain a specific local ...
Regulatory
Global: Coinbase Receives Cryptocurrency License Approval in France as Part of Global Expansion
Coinbase Global, the cryptocurrency exchange, has successfully registered with the French markets regulator as it pursues its global expansion strategy known as “Go ...
Nigeria
Nigeria: World Federation of Exchanges Advocates Stringent Regulations for Crypto Trading
In its recent report titled ‘Good Markets for Good Outcomes – the Role of Governance in the World’s Exchanges,’ the World Federation of ...
Nigeria
Nigeria: Federal Government Plans Enhanced Regulations for O-pay, Moniepoint, and Other Digital Lenders
The Federal Government, through the Federal Competition and Consumer Protection Commission (FCCPC), is gearing up to introduce additional regulations for the digital lending ...
Nigeria
FCCPC Initiates Measures to Address Rising Indebtedness from Loan Apps
[tta_listen_btn] The Federal Competition and Consumer Protection Commission (FCCPC) has revealed plans to establish a comprehensive regulatory framework to tackle the issue of ...
Regulatory
Bank Verification Number (BVN) Enrollments Reach 59.9 Million Ahead of CBN’s Planned Sanction
[tta_listen_btn] As of December 18, 2023, the Bank Verification Number (BVN) enrollments have reached 59.9 million, according to the latest data released by ...
Nigeria
Nigeria: CBN Reverses Crypto Transaction Ban for Banks with Regulatory Framework
In a recent circular addressed to banks and financial institutions, the Central Bank of Nigeria (CBN) has lifted the restrictions on banks, allowing ...
Regulatory
Global: UK Advances Data Protection Bill Amid AI and EU Alignment Concerns
The UK Data Protection and Digital Information Bill have progressed to the committee stage for meticulous examination after receiving a second reading in ...
Nigeria
Nigeria: Central Bank of Nigeria Issues Warning Against Cash Scarcity Conspiracy by Banks and PoS Operator
The Central Bank of Nigeria (CBN) has issued a stern warning to both banks and Point-of-Sale (PoS) operators regarding an alleged conspiracy that ...
Ghana
Ghana Revenue Authority Announces Value Income Tax for Ride-Hailing Vehicles from January 1
Commencing January 1, 2024, the Ghana Revenue Authority (GRA) is set to implement a new tax policy known as the Value Income Tax ...