Regulatory
FSB releases recommendations to regulate ‘global stablecoins’ such as Libra
The G20’s financial watchdog, the Financial Stability Board (FSB), has published regulatory recommendations opposing the trans-national ambitions of “global stablecoins,” such as Facebook’s Libra ...
Regulatory
CBN to sanction exporters who default on export proceed number
The Central Bank of Nigeria (CBN), has moved to sanction exporters who ship out goods without Nigerian Export Proceed (NXP) numbers. While making ...
Global
IMF, World Bank, G20 Countries to Create Central Bank Digital Currency Rules
International financial authorities and 20 of the world’s largest economies are establishing official standards for regulating and issuing sovereign digital currencies. The Group ...
Regulatory
UK FCA turns the screws on compliance in work-from-home environment
The Financial Conduct Authority has warned banks that they must now provide the same standard of surveillance of staff working from home as ...
Regulatory
NITDA to tighten nose on data protection through new Bill
The National Info Technology Development Agency (NITDA), is to send a new Bill on Data Protection to the National Assembly, and if passed into law, ...
Regulatory
New rule will have serious consequences for South African taxpayers
Tax and financial experts have raised concerns around one of the proposed amendments in the Draft Tax Administration Laws Amendment Bill (Draft ...
Regulatory
CBN Directs Banks To Confirm Swift Transactions Within 2 Business Days
The Central Bank of Nigeria (CBN) has directed all deposit money banks to ensure full compliance with Swift Universal Confirmation requirements by making ...
Regulatory
NDPR apt for developmental regulation
Dr Isa Pantami, Minister of Communications and Digital Economy, on Friday said that the Nigerian Data Protection Regulation (NDPR) is a tool ...
Regulatory
CBN goes tough on breach of export laws
The Central Bank of Nigeria has said that it will be a breach of extant regulations for any shipping company or airline ...
Regulatory
U.S. Department of Justice releases cryptocurrency enforcement framework
According to the official release, the Framework is the first major step to regulate cryptocurrencies. The Department of Justice has built regulatory ...
