Egypt
Egypt’s central bank approves contactless payments through mobile phones
Egypt’s central bank has approved the granting of licences to allow merchants to accept contactless payments from their customers’ mobile phones. It did ...
Regulatory
SA Competition Commission Approves Afrihost, Cool Ideas Merger
South Africa’s Competition Commission, the country’s business practice watchdog, has unconditionally approved the merger of ISPs: Afrihost, and Cool Ideas. In June, Afrihost ...
Global
FinCEN Launches Regulatory Process For New Antiquities Regulations
The Financial Crimes Enforcement Network (FinCEN) has issued an Advance Notice of Proposed Rulemaking (ANPRM) to solicit public comment on a range of questions ...
Global
China’s Central Bank ban crypto trading and mining, sending bitcoin tumbling
China’s central bank has declared all transactions involving Bitcoin and other virtual currencies illegal, stepping up a campaign to block use of unofficial ...
Egypt
CENTRAL BANK OF EGYPT SIGNS NEW PROTOCOL TO FACILITATE PAYMENT INSTRUMENTS ISSUANCE
The Central Bank of Egypt (CBE) signed a cooperation protocol with the Financial Regulatory Authority (FRA) to facilitate the issuance of licences and ...
Regulatory
Rwanda: Central Bank Warns Against Unlicensed Financial Service Providers
The National Bank of Rwanda (BNR) has warned the public against dealing with financial service providers that are not licensed to operate in ...
Nigeria
Nigeria: CBN asks Nigerians to open e-Naira wallets
The Central Bank of Nigeria (CBN) has said the e-Naira which would be launched on October 1, 2021, is a form of payment ...
Global
Australian Government to regulate Apple, Google, and WeChat digital wallets
The Australian Government has announced considering new laws that would tighten the regulation of digital payment services by tech giants such as Apple and ...
Regulatory
South Africa: SA Reserve Bank Likely to Keep Interest Rates On Hold in September Based On Moderate Inflation and Strong Rand
The South African Reserve Bank will almost certainly keep interest rates unchanged when its Monetary Policy Committee meets on 23 September. The economy ...
Regulatory
SOUTH AFRICA:SARS MAKES GOOD ON ITS PROMISE TO COME DOWN HARD ON NON-COMPLIANT TAXPAYERS
The South African Revenue Service is making good on its promise to chase after taxpayers who are non-compliant, having been discussed for months ...