Regulatory
Global: China’s Central Bank Strategizes to Moderate Prolonged Bond Rally
China’s central bank has positioned itself with hundreds of billions of yuan worth of bonds to borrow and plans to sell them based ...
Nigeria
Nigeria: SEC Mandates Nigerian Offices for Virtual Asset Companies Under New Regulation
In a circular dated June 21, 2024, titled “Framework On Accelerated Regulatory Incubation Program (ARIP) For The Onboarding Of Virtual Assets Service Providers ...
Africa
Africa: Moroccan Court Fines Maroc Telecom $630 Million for Unfair Competition Practices
In 2016, Inwi filed a complaint with the National Agency of Telecommunications Regulation (ANRT), the regulatory body overseeing Morocco’s telecommunications and postal sectors. ...
Nigeria
Nigeria: Recapitalization Alone Won’t Ensure Efficient Banking Sector, Experts Say
Amid ongoing efforts to raise minimum capital requirements in line with new regulatory thresholds, experts assert that building a banking sector supportive of ...
Nigeria
Nigeria: CBN Urges Fintechs to Enhance Regulations and Stakeholder Engagement
The Central Bank of Nigeria (CBN) has called on financial technology (fintech) firms to adhere to regulations and strengthen engagement with stakeholders to ...
Nigeria
Nigeria: POS Agents, SMEs Urged to Meet CAC Registration Deadline
Ahead of the mandatory registration deadline set by the Corporate Affairs Commission (CAC), Michael Nwabufo, the agency’s ambassador, has called on point-of-sale (POS) ...
Regulatory
Global: UK Digital Identity Leaders Urge New Government to Establish Legal Framework for DIATF
A coalition of trade bodies and leaders within the UK’s digital identity sector has published an open letter calling on the next government ...
Regulatory
Global: Bulgaria’s New Biometric ID Cards Face Challenges with Bank Integration
Bulgaria recently introduced new biometric ID cards, but the rollout has hit a snag as some banks have not prepared to process them. ...
Regulatory
Global: Basel Committee Finalizes Crypto Exposure Rules for Banks
The Basel Committee convened on July 2-3 and made significant policy decisions, including new regulations regarding banks’ exposure to cryptocurrencies. These decisions are ...
Regulatory
Global: SEC Seeks Dismissal of Retailer’s Crypto Lawsuit, Citing Nonexistent Policy
The Securities and Exchange Commission (SEC) has requested a judge to dismiss a lawsuit filed by American apparel company Beba, which sought protection ...