Regulatory
51 countries have implemented bans on cryptocurrencies
Although the cryptocurrency industry exploded in 2021 in terms of market performance, the industry that is just entering its teenage years did not have such ...
News
Mexico Plans to Issue a CBDC by 2024, Government Confirms
The Central Bank of Mexico (Banxico) plans to launch a central bank digital currency (CBDC) by 2024, the Mexican government confirmed in a tweet on ...
Regulatory
Crypto platform gets approval from central bank
Binance, the largest cryptocurrency exchange, has received initial approval from the Central Bank of Bahrain to be the service provider of crypto assets ...
Regulatory
Uganda: BoU upgrades Postbank to Tier One category for Banks
Postbank bank Uganda, as mandated by the law, shall no longer be categorized as a credit institution but as a deposit taking financial ...
Global
Global: Turkey’s financial regulator slaps Binance’s Turkish unit with $751,314 in fines
Turkey’s financial regulatory authority has accused Binance’s local cryptocurrency exchange unit of violations in liability inspections. The charges against the crypto exchange are the first ...
Kenya
Kenya: Law to Regulate Digital Lenders Takes Effect
The Central Bank of Kenya (Amendment) Act 2021, that will allow the CBK to license and supervise digital lenders has come into effect ...
Global
Global: New RBI rules for online payments from 1 January, 2022
The RBI has ordered all companies in India to purge saved credit and debit card data from their systems from January 1, 2022. ...
Africa
Seychelles: Central Bank of Seychelles Maintains Interest Rates At 2 Percent Amidst Covid Uncertainty
The Central Bank of Seychelles has decided to maintain its monetary policy rate at 2 percent for the first quarter of 2022 as ...
Global
Global: Metro Bank fined with USD 7.3 mln
The Bank of England has fined Metro Bank USD 7.13 million for failures in its regulatory reporting, after the lender revealed an accounting blunder in 2019. Metro ...
Global
Global: Dubai World Trade Centre to set a crypto regulatory framework
Crypto exchange Binance has signed a memorandum of understanding with the Dubai World Trade Centre authority to help it establish a crypto regulatory ...