Regulatory
Global: Australia Initiates Consultation on OECD Crypto Reporting Framework
Australia’s Treasury has begun seeking input from stakeholders on integrating the Crypto-Asset Reporting Framework (CARF) into its domestic tax legislation. This move aligns ...
Regulatory
Global: CFTC Advocates Expanding Non-Cash Collateral via Distributed Ledger Technology
The U.S. Commodity Futures Trading Commission (CFTC) has proposed expanding the use of non-cash collateral in derivatives markets through distributed ledger technology (DLT). ...
Regulatory
Global: U.S. Advocates Innovation and Regulation for Cross-Border Payment Systems
The United States is actively working to maintain the U.S. dollar’s position as the dominant global currency amid emerging cross-border payment systems. Speaking ...
Nigeria
Nigeria: NCC and CBN Collaborate to Resolve USSD Debt Dispute
The Nigerian Communications Commission (NCC) is collaborating with the Central Bank of Nigeria (CBN) to address the protracted dispute between telecommunications operators and ...
Regulatory
Global: BlueSnap Payment Services Fined €324,240 for Regulatory Breaches
The Central Bank has imposed a fine of €324,240 on BlueSnap Payment Services Ireland Limited, a US-based payment services provider operating in Ireland, ...
Ghana
Ghana: CBG Pledges Cooperation with BoG to Address Forex Trading Suspension
Consolidated Bank Ghana (CBG) has affirmed its commitment to working closely with the Bank of Ghana (BoG) to address the concerns that led ...
Ghana
Ghana: BoG Suspends Consolidated Bank Ghana’s Forex Trading License Over Regulatory Breaches
The Bank of Ghana (BoG) has announced a one-month suspension of Consolidated Bank Ghana’s (CBG) Foreign Exchange Trading License, effective November 26, 2024. ...
Ghana
Ghana Restricts Pension Fund Offshore Investments Amid Currency Concerns
Ghana has imposed restrictions on private pension fund managers seeking to invest in offshore assets, citing concerns about potential pressure on the country’s ...
Regulatory
South African Reserve Bank Lowers Key Interest Rate Amid Challenging Global Conditions
On Thursday, the South African Reserve Bank (SARB) announced a 25 basis point (bps) reduction in the repo rate, bringing it to 7.75%. ...
Regulatory
SA: New IT Risk Standard Takes Effect for South Africa’s Financial Sector
South Africa’s financial sector faces a transformative moment as the Financial Sector Conduct Authority (FSCA) and the Prudential Authority implement the Joint Standard ...
