Regulatory
Global: Nomura’s Laser Digital Granted Preliminary Approval for Operations in Abu Dhabi
The Abu Dhabi Global Market (ADGM) has granted preliminary approval to Laser Digital, the digital assets division of Japan’s Nomura Bank, allowing it ...
Ghana
Ghana Revenue Authority Identifies VAT Violations in 12 Businesses
In accordance with Section 41 of the Value Added Tax (VAT) Act, businesses in Ghana are obligated to consistently provide VAT invoices. Failing ...
Kenya
Kenyan Firm Blacklisted by African Development Bank Over Fraud
Joycot General Contractors Limited has been blacklisted by the African Development Bank (AfDB) for its involvement in fraudulent activities. As a result of ...
Kenya
Kenya: Three Companies Fined KSh 9.4 Million for Data Privacy Violations
The Office of the Data Protection Commissioner (ODPC) has imposed fines totaling KSh 9.4 million on three companies for breaches of personal data. ...
Regulatory
Global: Kraken Secures Central Bank E-Money License, Expands European Presence
Kraken, the US-based cryptocurrency platform, has received an EU e-money license from the Central Bank, marking a significant step in its expansion across ...
Global
Global: Shanghai Court Recognizes Bitcoin as Legal Digital Currency in China
In a significant development, the Shanghai No.2 Intermediate People’s Court in China has officially recognized Bitcoin as a distinct and non-replicable digital asset, ...
Nigeria
Nigeria: New CBN Governor Cardoso Aims to Tackle Dollar Debts and Revisit Monetary Policies
Olayemi Cardoso, the recently appointed Governor of the Central Bank of Nigeria (CBN), has outlined his agenda, which includes addressing the CBN’s unsettled ...
Nigeria
Nigerian Government Takes Initiatives to Enhance Fintech Funding and Regulatory Environment
In an effort to bolster the presence of fintech companies in the stock market and leverage their fundraising potential to enhance liquidity, the ...
Regulatory
Global: UK Financial Regulators Propose Initiatives to Promote Diversity in Financial Services
UK financial regulators have released consultation papers outlining proposals aimed at fostering diversity and inclusion within the financial services sector. These initiatives are ...
Regulatory
Global: NAB Penalized $1.4 Million for Unlawful Fees
The National Australia Bank (NAB) is facing a substantial penalty of $1.4 million ($2.1 million AUD) imposed by the Australian Federal Court for ...