Global
Central Bank of Brazil regulates PIX payment initiation service
The Central Bank of Brazil has announced that it will incorporate a payment initiation service into its central bank-backed real-time payment system PIX. Currently, ...
Global
Regulation coming for Stablecoins amid their growing systemic risk – Gary Gensler
Gary Gensler, the Chairman of America’s Securities and Exchange Commission recently disclosed that digital assets that fall under the category of having being ...
Nigeria
CBN set to launch digital currency by October
The Central Bank of Nigeria with its stakeholders outlined its digital currency initiative via a private webinar held today. The Nigerian Central Bank ...
Nigeria
Nigeria:Telcos disagree with CBN, push to lead mobile money
Stakeholders in the telecommunication sector have said mobile money services should be driven by telecoms companies, a position that runs contrary to that ...
Regulatory
Cellulant Gets Approval from Bank of Tanzania to Become a Payment Solution Service Provider (PSSP)
In a bid to expand its Payments Platform, Cellulant Tanzania becomes one of the 5 Payments Solution Service Provider in the Country The ...
Global
BSP gives Philippines a fourth digital bank player: UnionBank
Aboitiz-led Union Bank of the Philippines received a green light from the Bangko Sentral ng Pilipinas to establish its own digital bank, joining ...
Global
Canada CBDC ‘Probably Necessary’ for Competition, Central Bank Says in Paper
A central bank digital currency is “probably necessary” for a competitive digital economy, the Bank of Canada said in a staff paper published ...
Regulatory
Rwanda gives nod to KCB to buy bank from Atlas Mara
Rwandese authorities have approved the KCB Group deal to buy Banque Populaire du Rwanda (BPR) from London-listed financial services firm Atlas Mara Limited. ...
Kenya
Kenya Issues Draft Regulations for Crowdfunding Platforms
The Cabinet Secretary for National Treasury and Planning has published regulations that require all persons who operate or intend to operate an investment-based ...
Regulatory
Uganda shuts down 2.2 million mobile money accounts
The Uganda Communications Commission (UCC) has revealed in its Market Performance quarterly report that about 2.2 million inactive mobile money accounts were removed ...
