Regulatory
With China’s move on Ant, FinTech firms may look like banks soon
FinTech has thrived in other jurisdictions compared to China because of the presence of regulation, says Chris Skinner. There’s an interesting global debate ...
Regulatory
NAICOM issues operational licences to 6 insurance firms and 1 reinsurer
The National Insurance Commission (NAICOM) has issued operational licenses to six new insurance firms and one reinsurer. This was disclosed by the NAICOM ...
Regulatory
SA online shoppers warned against making instant EFT payments
The South African Reserve Bank (Sarb) and the Financial Sector Conduct Authority (FSCA), in consultation with the Payments Association of South Africa, have ...
Regulatory
The Draft Declaration of Crypto Assets as Financial Products in South Africa and How It Compares with SEC Nigeria’s Classification and Treatment of Digital Assets
Adoption of Crypto-Assets in Africa and Regulation Crypto asset, digital asset, virtual asset, or other nomenclature you choose, this is the product of ...
Regulatory
Ghana’s Securities and Exchange Commission adopts enforceable guidelines to protect investors
The Director-General of Securities and Exchange Commission (SEC) Ghana, Reverend Daniel Ogbarmey Tetteh says the Commission is taking pragmatic steps to strengthen the ...
Regulatory
CRR Compliance Banks suffer N226 billion in CRR debits by CBN
Nigeria banks have had their vaults debited of N226 billion by the Central Bank of Nigeria in the apex bank’s latest CRR sequesters. ...
Regulatory
FCA issues Lanistar warning as tech partners disavow connection
Lanistar, the fintech start-up added to the Financial Conduct Authority’s (FCA) warning list this week, has faced backlash from its technology partners. The ...
Regulatory
Thai crypto business to get liquidity boost following new regulations
Securities firms in Thailand are now authorized to count crypto as capital funds. Thailand’s Securities and Exchange Commission has revised its net capital ...
Regulatory
Fintech Players Welcome Malaysia’s New Online Lending Guidelines
he Ministry of Housing and Local Government unveiled last week a new guideline that will allow for licensed moneylenders to provide loans digitally. ...
Regulatory
FIRS: Tax Now Accounts for 70% of Nigeria’s Revenue
The Federal Inland Revenue Service (FIRS) has disclosed that receipts from tax, which were previously supplementary, now account for about 70 per cent ...
