Regulatory
China regulator puts country’s fintech giants on notice hinting at more rules
China’s top banking regulator on Tuesday questioned the power of the country’s large financial technology companies and hinted at “timely and targeted measures ...
Regulatory
Russian central bank takes a U-turn on its cryptocurrency stance
Central bank’s digital currency, commonly known as CBDC, entails lots of risks for the banking sector and offers many benefits for consumers and ...
Regulatory
Malaysian Stock Exchange expands market-making framework to increase efficiency, flexibility
Malaysian Stock Exchange has expanded its market-making framework to increase market efficiency and promote liquidity and depth, effective today. Bursa Malaysia in a ...
Regulatory
Reserve Bank of India increases limit for contactless card transactions from January 1
To ensure the adoption of digital payments in a safe and secure manner, the Reserve Bank of India governor yesterday announced that the ...
Regulatory
US Representatives Add Digital Currencies to the 2021 Defense Bill
The United States government is preparing to pass the 2021 National Defense Authorization Act (NDAA) and the latest bill includes a broad definition ...
Regulatory
There are good reasons for limiting how much money can leave South Africa: SARB
South African Reserve Bank deputy governor and chief executive of the Prudential Authority Kuben Naidoo has explained the central bank’s motives in limiting ...
Regulatory
Singapore to have 4 digital banks, with Grab-Singtel and Sea getting digital full bank licences
The Monetary Authority of Singapore (MAS) said on Friday (Dec 4) it will award digital full bank licences to the Grab-Singtel consortium and ...
Regulatory
FIRS to commence recovery of all outstanding tax debts and penalties from January 1, 2021
The Federal Inland Revenue Service (FIRS) has disclosed that its waivers on penalties and interest on outstanding taxes arising from desk examinations, audit ...
Regulatory
NAICOM moves to unlock the huge potentials of Microinsurance
NAICOM has issued a circular allowing conventional insurance companies in Nigeria to exploit the huge opportunities in the Microinsurance window. The National ...
Regulatory
India To Cap FinTech Payments Volumes At 30 percent
India, in a bid to curb antitrust concerns, is trying a new strategy, putting a 30 percent cap on what a single player ...