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Digital identity revenue for mobile network operators to exceed $8.1bn by 2025
Digital identity revenue for mobile network operators will exceed $8.1bn by 2025, rising from just $1.3bn in 2020, according to a report from ...
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China fines seven financial institutions $31 million over irregularities
China’s banking and insurance watchdog has announced that it has fined Seven financial institutions a total 199.5 million yuan ($30.85 million) for irregularities ...
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Britain and EU headed for financial services showdown
The EU seeks to repatriate business and jobs, and London wants to keep its financial might without having to abide by EU regulations ...
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China’s central bank sets key tasks for 2021
China’s central bank has outlined key policies and tasks for 2021 during an annual work conference held in Beijing. The People’s Bank of ...
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South Korean Gaming Giant Planning to Buy Crypto Exchange Bithumb for $460 Million
Nexon, the South Korean multi-billion-dollar gaming conglomerate, is reportedly planning to buy a 65% stake in troubled crypto exchange Bithumb in a deal ...
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SoFi to Go Public Through SPAC Merger at $8.6B Valuation
Lending fintech Social Finance (SoFi) announced this week that it will go public through a merger with a special purpose acquisition company. The ...
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FG introduces N50 levy on electronic money transfer of up to N10,000
The Finance Act 2020 recently signed into law by President Muhammadu Buhari, imposes N50 levy on electronic transfer of money deposited in any ...
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Bitcoin passes $40,000 for first time, doubles in value in less than a month
Bitcoin has surged to $40,000 for the first time, doubling in value in less than a month and pushing the total market value ...
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874 microfinance banks have operational licences – CBN
The Central Bank of Nigeria has said 874 microfinance banks now own licences to operate in the country. It listed the names of ...
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Alibaba, Tencent shares tumble on US ban fears
Shares in China’s two biggest companies Alibaba and Tencent tumbled in Hong Kong earlier in the week in response to the media reports ...