Global
Central Bank of Iran increases the credit card limit
The Central Bank of Iran (CBI) has increased the credit card limit by four times allowing banks to offer up to USD 8,000 in credit. ...
Nigeria
Nigeria: NCC makes clarifications on ‘renewal’ of MTN license
The Nigerian Communications Commission, NCC, has debunked reports that it has renewed MTN Unified Access and Service (UASL) License for another ten years. ...
Global
Ernst & Young, auditors to pay over $10 M to settle SEC charges
Accounting firm Ernst & Young LLP, a partner and two former employees agreed to pay more than $10 million to settle U.S. Securities ...
Global
Binance Discontinues Futures and Derivatives Products in Germany, Italy, and the Netherlands
Binance, the leading cryptocurrency exchange by trading volumes, announced it is discontinuing its derivatives and futures products in Germany, Italy, and the Netherlands. ...
Egypt
EGYPT’S BANK DEPOSITS IN LOCAL CURRENCY INCREASE BY EGP 376.1BN DURING H1 2021
Egypt’s bank deposits in the local currency increased by EGP 376.104bn to EGP 4.036trn during the first half (H1) of 2021, compared to ...
Global
Amazon bags record $886.6 million European Union data fine
Lately, tech companies are getting a lot of sticks from regulators globally due to data violations. Tech companies in China like Alibaba, Didi ...
Regulatory
Tanzania: Pesapal secures TCRA License
Pesapal has received the National Application Service License (AS) from Tanzania Communications Regulatory Authority (TCRA). “The acquisition of this license which is under ...
Global
Philippines: Peppermint gets granted financial lending licence
Securities Exchange Commission in the Philippines has granted Peppermint a financial lending licence, allowing it to offer alternative non-bank micro-enterprise loans. The financial lending service – ...
Global
Brazil: BCB publishes details about Open Banking phase 2
The Central Bank of Brazil has published a new set of dates and details regarding the country’s push towards phase 2 of Open Banking. Information on the ...
Global
Financial regulators urgently need to get a grip on ‘Big Tech’ -BIS
Central banks and financial regulators urgently need to get to grips with the growing influence of ‘Big Tech’, according to top officials from ...