Nigeria

Nigeria: CBN Prohibits Commercial Banks and Others from Owning BDCs, Raises License Fee

In an effort to stabilize the naira exchange rate, the Central Bank of Nigeria (CBN) has introduced revised regulatory and supervisory guidelines for ...

By Regtech AfricaFebruary 25, 20240

Nigeria

Nigerian Government Implements Restrictions on Binance, Coinbase, Kraken, and Other Crypto Platforms

In response to a currency crisis and ongoing challenges with the local currency (Naira), the Nigerian government has taken measures to block access ...

By Regtech AfricaFebruary 25, 20240

Global

Global: RBI Facilitates New Banking Partnerships for Paytm Amidst Business Restrictions

In response to the business restrictions imposed on Paytm Payments Bank, the Reserve Bank of India (RBI) has urged the National Payments Corporation ...

By Regtech AfricaFebruary 24, 20240

Nigeria

Nigeria: CBN Proposes Increase in BDC Share Capital to Enhance Regulatory Framework

The Central Bank of Nigeria (CBN) is contemplating a significant increase in the share capital requirements for Bureau De Change (BDC) operators, proposing ...

By Regtech AfricaFebruary 24, 20240

News

Nigeria: CBN’s Nullification of $2.4 Billion Forward Contracts Deals a Blow to Manufacturing Sector

In a startling move that reverberated through Nigeria’s already fragile economy, the Central Bank of Nigeria (CBN) recently declared the invalidation of approximately ...

By Regtech AfricaFebruary 24, 20240

CBN asks Customs to use forex rate for import duty

News

Nigeria: CBN Directs Customs to Use FX Closing Rate for Import Duty Assessment

The Central Bank of Nigeria (CBN) has issued a directive instructing the Nigeria Customs Service to apply the foreign exchange (FX) closing rate ...

By Regtech AfricaFebruary 24, 20240

AMA

Breaking Records: UXLINK Attracts 978,000 New Web3 Wallet Registration with $78,000,000 Deposit asset from February 01 to February 22, 2024

SINGAPORE, 23 February 2024-/African Media Agency (AMA)/- Over the course of a groundbreaking launch campaign from February 1st, UXLINK, the leading Web3 social infrastructure ...

By Regtech AfricaFebruary 24, 20240

News

South Africa: XS.com Expands African Presence with Acquisition of South African License

XS.com, a leading FinTech and financial services provider, has announced its strategic foray into the burgeoning African market with the acquisition of a ...

By Regtech AfricaFebruary 23, 20240

Global

Global: GLEIF Welcomes Commonwealth Bank of Australia as Validation Agent

The Global Legal Entity Identifier Foundation (GLEIF) today announces that the Commonwealth Bank of Australia (CBA) has become the latest financial institution to be ...

By Regtech AfricaFebruary 23, 20240

Regulatory

Global: ECB Officials Critique Crypto Regulation as Dressing for a ‘Naked Emperor’

High-ranking payments experts at the European Central Bank (ECB) have criticized the Securities and Exchange Commission’s (SEC) approval of spot exchange-traded funds (ETFs) ...

By Regtech AfricaFebruary 23, 20240

Nigeria: CBN Prohibits Commercial Banks and Others from Owning BDCs, Raises License Fee

Nigerian Government Implements Restrictions on Binance, Coinbase, Kraken, and Other Crypto Platforms

Global: RBI Facilitates New Banking Partnerships for Paytm Amidst Business Restrictions

Nigeria: CBN Proposes Increase in BDC Share Capital to Enhance Regulatory Framework

Nigeria: CBN’s Nullification of $2.4 Billion Forward Contracts Deals a Blow to Manufacturing Sector

Nigeria: CBN Directs Customs to Use FX Closing Rate for Import Duty Assessment

Breaking Records: UXLINK Attracts 978,000 New Web3 Wallet Registration with $78,000,000 Deposit asset from February 01 to February 22, 2024

South Africa: XS.com Expands African Presence with Acquisition of South African License

Global: GLEIF Welcomes Commonwealth Bank of Australia as Validation Agent

Global: ECB Officials Critique Crypto Regulation as Dressing for a ‘Naked Emperor’

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