Nigeria
Nigeria: SEC Pledges to Address N215 Billion in Unclaimed Dividends with Tech Solutions
The Securities and Exchange Commission (SEC) has reaffirmed its commitment to tackling the growing issue of unclaimed dividends, which have now reached N215 ...
Ghana
Ghana: Bank of Ghana Introduces Draft Regulations for Cryptocurrency Exchanges
The Bank of Ghana (BoG) has unveiled draft regulatory guidelines for digital assets, signaling a new phase of oversight following a thorough internal ...
Regulatory
Global: PSR Outlines Next Steps for Expanding Variable Recurring Payments in the UK
Variable Recurring Payments (VRPs) are a new form of payment instruction that allows customers to authorize registered payment service providers to initiate payments ...
Regulatory
Global: Over Half of Crypto Ads on Facebook Are Scams or Policy Violations, Australian Watchdog Reports
Australia’s competition watchdog has revealed that more than half of the cryptocurrency ads on Facebook breach Meta’s advertising policies or are outright scams. ...
Nigeria
Nigeria: MPC Raises Concerns Over Fiscal Policies’ Impact on Inflation Control
Members of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) have voiced concerns that certain fiscal policies are undermining ...
Nigeria
Nigeria: Senate Proposes N50 Million Fine for Unlicensed Insurance Firms
The Nigerian Senate has put forward a proposal for a N50 million fine or a two-year prison sentence, or both, for principal officers ...
Regulatory
Global: European Banks Express ‘Serious Concerns’ Over UK’s Transaction Fee Cap Proposal
European banks have raised significant concerns regarding the U.K.’s proposal to cap international digital transaction fees, a move they deem potentially harmful to ...
Regulatory
Global: Regulatory Scrutiny of Chatbots Intensifies as Banks Recognize Their Value
Banks have long utilized chatbots as digital customer assistants to help consumers access data and transaction details through text-based interactions and integrated voice ...
Regulatory
Global: CFPB and American Fintech Council Outline AI Regulatory Positions to Treasury
In response to a Treasury request for information on the use, opportunities, and risks of artificial intelligence (AI) in the financial services sector, ...
Regulatory
Global: MAS Partners with Banks and Tech Firms to Enhance Quantum Security
In February 2024, the Monetary Authority of Singapore (MAS) issued an advisory to financial institutions highlighting the cybersecurity risks posed by quantum technology. ...