Regulatory
Global: UK regulator fines Mastercard, others for prepaid cards cartel
Britain’s payments regulator on Tuesday fined five payments companies including Mastercard a total of 33 million pounds ($45.01 million) for cartel behaviour involving ...
Regulatory
Nigeria: Insurance firms’ assets hit N2.09tn amidst recapitalisation suspension
The second and final phases of the Nigerian insurance industry’s recapitalisation exercise which should have ended in September 2021 was halted by litigation ...
Global
Global: IMF staff call for global framework to guide national regulation of crypto
The increasing rate of adoption of crypto assets warrants a global framework to guide their national regulation and supervision, according to staff of ...
Regulatory
CBN urges financial institutions to accept and recommend PAPSS to businesses in Nigeria
The Governor of the Central Bank of Nigeria (CBN), has said that the financial institutions under its jurisdiction will accept the Pan-African Payment ...
Regulatory
Global: FinCEN, FDIC to Hold ‘Tech Sprint’ for Digital Identity Tools
The proliferation of scams, information leaks and synthetic identity fraud is presenting a major challenge to the online financial services industry, federal regulators ...
Regulatory
Global: New York regulator appoints virtual currencies chief
The New York State Department of Financial Services (NYSDFS) has appointed former Promontory executive Peter Marton as deputy superintendent of virtual currency. Marton ...
Regulatory
CBN Sells N50 Bln OMO Bills at 7%, 8.5% and 10.10%
Spot rates on Open Market Operations (OMO) Bills were steady as the Central Bank of Nigeria (CBN) sold bills worth N50 billion at ...
Regulatory
US Payment apps to report all transactions over USD 600 to the IRS
As part of the American Rescue Plan Act, the Internal Revenue Service (IRS) has announced that all transactions over USD 600 made through ...
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 ...