Regulatory

Global: Bahamas Plans to Mandate Bank Support for ‘Sand Dollar’ CBDC

The Bahamas is preparing to enact legislation that will require commercial banks to support its central bank digital currency (CBDC), known as the ...

By Regtech AfricaJuly 2, 20240

Regulatory

Global: EU MiCA Stablecoin Regulations Now in Effect

The European Union’s Markets in Crypto-Assets Regulation (MiCA) partially took effect in June, with new rules for stablecoins implemented on June 30. As ...

By Regtech AfricaJuly 2, 20240

Global

Global: Qatar Central Bank Pilots Digital Currency Initiative

As digital currencies become increasingly inevitable, central banks around the world are exploring their own versions to stay ahead of the curve. But ...

By Regtech AfricaJuly 2, 20240

News

Nigeria: Wema Bank Advocates for Digital Empowerment of MSMEs in Nigeria

Wema Bank, the pioneer of Africa’s first fully digital bank, ALAT, has urged stakeholders to prioritize digital empowerment for Micro, Small, and Medium ...

By Regtech AfricaJuly 2, 20240

Nigeria

Nigeria: CBN Governor Advocates Regional Cooperation Against Money Laundering

The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has called for increased cooperation among monetary authorities in the West ...

By Regtech AfricaJuly 2, 20240

Regulatory

Uganda Reiterates Ban on Using National ID Cards as Loan Collateral

Uganda’s Minister of Information, Communications Technology, and National Guidance, Chris Baryomunsi, has issued a stern warning against the illegal practice of money lenders ...

By Regtech AfricaJuly 2, 20240

Gabon

Gabon Unveils New National Digital ID System

After over a decade of anticipation, Gabonese citizens can now apply for and receive a national digital ID card. The new identity credential, ...

By Regtech AfricaJuly 2, 20240

Nigeria

Nigeria: CBN Governor Highlights Financial Stability Risks from Increasing NBFI and Fintech Transactions

The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has voiced concerns about the rising transaction volumes of Non-Bank Financial Institutions ...

By Regtech AfricaJuly 2, 20240

Global

Global: BIS Plans to Expand Global Instant Payment Systems

The Bank for International Settlements (BIS) has announced plans to expand the world’s largest instant payment system (IPS). On Monday (July 1), BIS ...

By Regtech AfricaJuly 2, 20240

AMA

Africa Specialty Risks officially opens office in Dubai International Financial Centre

LONDON, DUBAI, 1 July 2024, /African Media Agency/- Africa Specialty Risks (ASR), the pan-African and Middle East focused reinsurance group, is pleased to announce the opening ...

By Regtech AfricaJuly 2, 20240

Global: Bahamas Plans to Mandate Bank Support for ‘Sand Dollar’ CBDC

Global: EU MiCA Stablecoin Regulations Now in Effect

Global: Qatar Central Bank Pilots Digital Currency Initiative

Nigeria: Wema Bank Advocates for Digital Empowerment of MSMEs in Nigeria

Nigeria: CBN Governor Advocates Regional Cooperation Against Money Laundering

Uganda Reiterates Ban on Using National ID Cards as Loan Collateral

Gabon Unveils New National Digital ID System

Nigeria: CBN Governor Highlights Financial Stability Risks from Increasing NBFI and Fintech Transactions

Global: BIS Plans to Expand Global Instant Payment Systems

Africa Specialty Risks officially opens office in Dubai International Financial Centre

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