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 ...
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 ...