Nigeria
Nigeria: NASD Calls for Adherence to SEC Rules on Trading Unlisted Securities
The NASD OTC Exchange has urged public limited companies to comply with the Securities and Exchange Commission (SEC) regulation mandating that securities of ...
Nigeria
Nigeria: CBN Extends Bureaux De Change Recapitalisation Deadline by Six Months, Urges Industry Unity
The Central Bank of Nigeria (CBN) has extended the deadline for bureaux de change (BDC) operators to meet new recapitalisation requirements by six ...
Regulatory
Global: Central Banks Prioritize Legacy Instant Payment Systems Over CBDCs
Despite advancements in blockchain technology, traditional financial infrastructure appears poised to dominate the international payments market for the foreseeable future. Central banks are ...
Nigeria
Nigeria: CBN Launches Electronic Foreign Exchange System with $100,000 Minimum Trading Limit
The Central Bank of Nigeria (CBN) has introduced the Electronic Foreign Exchange Matching System (EFEMS), a new initiative designed to promote transparency, fairness, ...
Nigeria
Nigeria: CBN, First Bank Advocate Stronger Collaboration with Chinese Banks
The Central Bank of Nigeria (CBN) and First Bank Nigeria Limited have called for enhanced collaboration between Nigerian and Chinese banks to support ...
Regulatory
Global: Hong Kong Central Bank Introduces Subsidies to Boost Tokenized Bond Issuance
Hong Kong is strengthening its position as a global financial innovator by incentivizing tokenized bond issuances through a subsidy program introduced by the ...
Regulatory
Global: Taiwan Tightens AML Rules for Crypto Providers with Accelerated Registration Deadline
Taiwan has ramped up its anti-money laundering (AML) measures for cryptocurrency businesses, introducing stricter registration requirements and advancing the enforcement timeline. Accelerated AML ...
Regulatory
Global: EU Commission Adopts Technical Standards for Digital ID Wallets Ahead of 2026 Deadline
The European Commission has approved new regulations to standardize the core functionalities and certification processes for European Digital Identity Wallets, marking a significant ...
Regulatory
Global: Wise Implements European AML Remediation Plan Amid Regulatory Scrutiny
Wise, the global fintech company, entered a European remediation plan following a review by the National Bank of Belgium (NBB) in early 2022, ...
Nigeria
Nigeria: House of Representatives to Summon CBN Governor, Bank CEOs Over Unverified POS Operators
The House of Representatives has resolved to summon the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, alongside the Chief Executive ...