Global
Global: Infibeam Avenues gets RBI in-principle nod for payment aggregator licence
Infibeam Avenues, which operates CCAvenue, has received an in-principle approval from the Reserve Bank of India(RBI) to operate as a payment aggregator (PA). ...
Global
Global: Accounting errors to cost executives their bonuses under SEC rule
Commissionapproved a rule Wednesday (October 26, 2020) that requires public companies whose financial statements contain errors to recoup their executives’ bonuses and other ...
Global
Global: Insurance regulator Irdai proposes changes to reinsurance regulations
The insurance regulator has released an exposure draft seeking amendments to reinsurance regulations. In the draft, the Insurance Regulatory and Development Authority of ...
Global
Global: Meta and Microsoft can’t self-regulate their metaverses, UK regulator warns
The boss of the U.K. media regulator Ofcom warned “metaverse” forays from tech giants like Meta and Microsoft will be subjected to incoming ...
Nigeria
Nigeria: FIRS begins direct tax collection from online gaming operators
The Federal Inland Revenue Service (FIRS) has announced the commencement of the deduction of taxes at transaction points from online gaming companies, using the Sentinal National ...
Global
Global: Singapore lays down the law for crypto trading and stablecoins
The Monetary Authority of Singapore (MAS) has published two consultation papers proposing strict regulatory measures to reduce the risk to consumers from cryptocurrency ...
Global
Global: UK data watchdog fines construction biz £4.4m for poor infosec hygiene
Britain’s data watchdog has slapped construction business Interserve Group with a potential £4.4 million ($4.98M) fine after a successful phishing attack by criminals ...
Global
Global: UK Lawmakers Vote to Recognize Crypto as Regulated Financial Instruments
Lawmakers in the U.K. voted in favor of recognizing crypto assets as regulated financial instruments and products in the country. The House of ...
Global
Global: FCA Exploring Implications of Big Tech Entry Into Financial Services
As the likes of Google and Apple have diversified their offering to include payments and other financial services, the U.K.’s Financial Conduct Authority ...
Nigeria
Nigeria: Access Holdings to acquire indirect equity stake in Sigma Pensions
The National Pension Commission (PENCOM) and the Federal Competition and Consumer Protection Commission (FCCPC) have approved the proposed acquisition by First Guarantee Pension Limited (FGPL) and First ...