Regulatory
Uganda Implements ID Verification for High-Value Digital Transactions Amid Rise in Mobile Money Fraud
Amid a surge in digital payments fraud and scams, the Bank of Uganda has issued a directive mandating compulsory ID verification for all ...
Regulatory
Estonia Charts Future Course for Digital Identity and Wallets
Estonia is charting its course toward a future where physical identity cards coexist with evolving digital solutions, notably the upcoming European Union Digital ...
Nigeria
Nigeria: CBN Halts Customer Onboarding for Palmpay, Moniepoint, Opay, and Other Fintechs Over Crypto Concerns
In a significant move, the Central Bank of Nigeria (CBN) has implemented a ban on several leading fintech platforms, including Palmpay, Moniepoint, Opay, ...
Regulatory
Global: Austrian Privacy Complaint Targets OpenAI’s ChatGPT
Advocacy group NOYB has filed a privacy complaint against Microsoft-backed startup OpenAI, alleging violations of EU privacy rules due to incorrect information provided ...
Nigeria
Nigeria: Tinubu and Bill Gates Propose Digital Identity Platform for Streamlined Tax Collection
Bill Gates, former CEO of Microsoft, revealed during a meeting with President Bola Tinubu at the World Economic Forum (WEF) in Saudi Arabia ...
Regulatory
Global: SEC Initiates Review of New Regulations for Bitcoin Options Trading
The United States Securities and Exchange Commission (SEC) has commenced a new phase of consultations regarding proposed rule changes for trading options on ...
Nigeria
Nigeria: NDIC Launches Anti-Corruption and Transparency Unit
The Nigeria Deposit Insurance Corporation (NDIC) has inaugurated an Anti-Corruption and Transparency Unit (ACTU) at its headquarters in Abuja, marking a significant step ...
News
Nigeria: Capital Market Operators Encourage Enhanced Market Oversight by New SEC Board
Capital market operators have urged the newly appointed board of the Securities and Exchange Commission (SEC) to strengthen its supervisory functions within the ...
Africa
Africa: PwC Report: 21 African Nations Introduce Tax Laws for Digital Services in Response to Growing Digital Economy
IA recent report by PricewaterhouseCoopers (PwC) reveals that twenty-one African countries have implemented regulations requiring non-resident suppliers to account for value-added tax (VAT), ...
Nigeria
Nigeria: CIBN Supports Banking Recapitalization for Enhanced Economic Lending
The Chartered Institute of Bankers of Nigeria (CIBN) has voiced its backing for the ongoing banking recapitalization exercise, citing its potential to bolster ...