Regulatory
Ghana Revenue Authority Shuts Down Chinese Firm Sol Cement Over ¢700m Tax Default
The Ghana Revenue Authority (GRA) has taken action against the Chinese cement manufacturing company, Sol Cement, due to significant tax defaults amounting to ...
Regulatory
Global: Thailand Postpones Digital Money Initiative, Sparking Calls for Investigation
Thailand’s scheduled digital wallet program, aimed at disbursing 10,000 baht (approximately $274) to citizens over 16 years of age, has encountered a delay. ...
Regulatory
Global: Hong Kong Securities Regulator Revises Cryptocurrency Policies in Response to Market Developments
The Securities and Futures Commission (SFC) of Hong Kong has declared its intention to update its policies concerning virtual currency sales and requirements. ...
Regulatory
Global: EU Data Protection Regulators Advocate Anonymity for Smaller Digital Euro Transactions
On October 18, the European Data Protection Board and the European Data Protection Supervisor jointly issued a statement regarding the regulation of a ...
Regulatory
Global: EBA and ESMA Release Crypto Entity Suitability Guidelines
On October 20, the European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) jointly published a consultation paper containing two ...
Regulatory
Global: CFPB Paves the Way for US Open Banking with New Data Rule
The Consumer Financial Protection Bureau (CFPB) has introduced its much-anticipated open banking rule, a significant step towards fostering competition in the US banking ...
Regulatory
SA: Vodacom Faces $53,000 Fine in South Africa for 75% Cancellation Fee Violation
South African telecom giant Vodacom has been issued a 1 million Rand ($53,000) administrative fine by the National Consumer Tribunal for contravening the ...
Regulatory
Global: EU Data Protection Watchdog Advocates Enhanced Privacy in Digital Euro
In response to the European Central Bank’s recent announcement that it has entered the preparation phase for the digital euro, the European Data ...
Regulatory
Global: Berlin’s Mondu Gains FCA Approval, Expands to the UK
Mondu, the Berlin-based B2B buy now, pay later (BNPL) startup, has received approval and licensing from the Financial Conduct Authority (FCA) and is ...
Regulatory
Global: Bank of England Embraces BIS CPMI ISO 20022 Data Standards for Cross-Border Payments
The Bank of England extends a warm welcome to the Bank for International Settlements (BIS) Committee on Payment and Market Infrastructures (CPMI) for ...
