Regulatory
Global: UK Crypto Rules Lacking Clarity Amidst MiCA’s Looming Impact
As Europe prepares to implement the Markets in Crypto-Assets Regulation (MiCA), industry insiders are divided on whether the United Kingdom presents a viable ...
Regulatory
Global: Norway’s Cashless Economy Slows as New Cash Payment Rules Take Effect
Despite Norway’s push towards a cashless society, recent changes to the Central Bank Act aim to reinforce the right of consumers to pay ...
Regulatory
Global: Banking-as-a-Service (BaaS) Faces Heightened Regulatory Scrutiny Amid OCC and FDIC Actions
Banking-as-a-Service (BaaS), a model poised to transform financial services, is now under increasing regulatory scrutiny, with recent actions by the Office of the ...
Regulatory
Zimbabwe Mandates PoS Machines for Businesses to Curb Unfair Practices
Zimbabwe has intensified efforts to ensure that businesses comply with regulations mandating the use of point-of-sale (PoS) machines, as part of a broader ...
Nigeria
Nigeria: FG’s October 2024 Bond Auction Oversubscribed by N109bn
The Federal Government’s October 2024 bond auction has been significantly oversubscribed by N109 billion, reflecting strong investor confidence despite economic challenges. According to ...
Regulatory
Zimbabwean Telcos Adjust Tariffs as Currency Devaluation Escalates Operational Costs
Telecommunications companies in Zimbabwe are adjusting their tariffs to offset rising operational expenses caused by currency devaluation and inflation. Industry experts have pointed ...
Regulatory
Africa: Afin Bank Secures License to Serve African Diaspora in the UK
Afin Bank has secured a banking license under the “Authorisation with Restrictions” framework, setting the stage for its official launch and the commencement ...
Regulatory
Global: CFPB Faces Lawsuit Over New Open Banking Rules Amid Industry Pushback
The Consumer Financial Protection Bureau (CFPB) recently introduced new open banking rules that grant consumers the right to instruct their banks to share ...
Nigeria
Nigeria: Government and Private Sector Borrowing Surges Despite CBN’s Tightening Policy
Despite the Central Bank of Nigeria’s (CBN) tight monetary policy, Nigerian banks and discount houses borrowed a staggering ₦29.017 trillion through the Standing ...
Nigeria
Nigeria: SEC Urges Stakeholders to Align Regulatory Framework with Evolving FATF Standards
The Director General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has called on stakeholders in the capital market to adapt ...
