Regulatory
Global: US Lawmakers Advance Legislation to Restrict the Launch of a Digital Dollar
The United States House Financial Services Committee is taking steps to advance legislation aimed at limiting the development of a central bank digital ...
Global
Global: Hong Kong Central Bank Cautions Against Crypto Firms Using Banking Terminology
The Hong Kong Monetary Authority (HKMA) has issued a stern warning regarding cryptocurrency businesses that present themselves as banks and employ banking terminology, ...
Nigeria
Nigerian Government Initiates Review of Financial Management Policies, Pledges Transparency
Dr. Oluwatoyin Madein, the Accountant General of the Federation, has announced a comprehensive review of the financial management policies in Nigeria. This commitment ...
Ghana
Ghana: Conflict of Interest Allegations Arise in ADB-NIB Acquisition, Says Isaac Adongo
Isaac Adongo, the ranking member of the Finance Committee of Parliament, has accused Dr. Ernest Addison, the Governor of the Bank of Ghana ...
Regulatory
Global: TikTok Faces €345 Million Fine for Violating EU Data Regulations on Children’s Accounts
TikTok is grappling with a €345 million (£296 million) fine for breaching EU data regulations concerning the handling of children’s accounts, including the ...
Regulatory
Global: Fintech Association for Consumer Empowerment Enhances Consumer Protection with New Code of Conduct
The Fintech Association for Consumer Empowerment (FACE) has introduced an updated code of conduct aimed at reinforcing consumer protection measures within its member ...
Kenya
Kenya: Central Bank of Kenya Imposes Daily Limits on Dollar Sales by Remittance Firms
The Central Bank of Kenya has introduced a daily cap of $100,000 on the amount of dollars that money transfer companies can sell ...
Nigeria
Nigeria: NIMC Relocated to Ministry of Interior to Expedite Passport Issuance
The National Identity Management Commission (NIMC) has been relocated to the Ministry of Interior as part of a move by the Federal Government ...
Kenya
Kenya: Andrew Musangi, Nominee for CBK Chairperson, Aims to Enhance CBK Oversight
Andrew Musangi, the nominee for the Chairperson of the Central Bank of Kenya (CBK), has emphasized the need for increased oversight and scrutiny ...
Regulatory
Tanzanian Fintech Tembo Gains PSP License from Central Bank of Tanzania
Tembo, a dynamic Tanzanian fintech startup dedicated to bolstering financial services infrastructure throughout Africa, has successfully secured its Payment Service Provider (PSP) license ...
