News
Nigeria: Coinbase Refutes Claims of Nigerian Crypto Ban
Cryptocurrency platform Coinbase has rejected reports suggesting that it is facing restrictions in Nigeria. A recent article by the Financial Times (FT) alleged ...
Global
Global: UAE Successfully Removed from FATF Grey List: Key Changes and Implications
On February 23, 2024, the United Arab Emirates (UAE) celebrated its removal from the Financial Action Task Force’s (FATF) Grey List, a compilation ...
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 ...
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 ...
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 ...
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 ...
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)Â has become the latest financial institution to be ...
Kenya
Kenya Moves Forward with Crypto Trading Regulations Amid Grey List Concerns
Kenya is taking steps to introduce regulatory frameworks for overseeing cryptocurrency trading within its borders, amidst concerns about its status on the grey ...
Global
Global: BVNK Expands Operations and Customer Support with Electronic Money License
BVNK, a B2B payments platform, announced the activation of its electronic money institution (EMI) license in Europe, marking a significant milestone for the ...
Global
Global: Databricks Expands Data-Centric Approach to Empower Fortune 500 Companies with AI
Nakai emphasized the crucial role of data in financial services, stating that leveraging data effectively is paramount for businesses, particularly in the Fortune ...
