Regulatory
Global: Australia Introduces Legislation to Regulate Buy-Now-Pay-Later Services with Mandatory Credit Checks
The Australian government has introduced new legislation requiring buy-now-pay-later (BNPL) companies to conduct credit checks on borrowers, aiming to regulate the rapidly expanding ...
Regulatory
Zimbabwe Central Bank Addresses Issues with New Currency
Zimbabwe Gold (ZiG), the new currency that evolved from a gold-backed token, has shown strong performance on the foreign exchange market but encountered ...
Ghana
Ghana’s 5G Spectrum Deal Sparks Controversy
The involvement of Indian billionaire Mukesh Ambani in Ghana’s 5G spectrum acquisition has stirred significant controversy, particularly among the National Democratic Congress (NDC), ...
Regulatory
Global: Visa Leverages Generative AI to Advance Tokenisation
At Money 20/20 Europe, Mehret Habteab, Senior Vice President of Product and Solutions at Visa Europe, announced that Visa has generated $40 billion ...
Nigeria
Nigeria: CBN Advocates for Transparency and Professional Training in Debt Management
The Central Bank of Nigeria (CBN) has underscored the need for transparency in debt management and borrowing activities to foster trust among investors, ...
Nigeria
Nigeria: NDIC begins verification, payment of insured deposits to Heritage Bank customers
The Nigeria Deposit Insurance Corporation said it has commenced the liquidation of Heritage Bank Plc. NDIC assured all that it would pay depositors ...
Nigeria
Nigeria: CBN Conducts Five FX Auctions to Enhance US Dollar Liquidity
Facing intensified foreign currency scarcity, the Central Bank of Nigeria (CBN) intervened in the forex market five times to counter negative exchange rate ...
Regulatory
Global: Dubai Financial Regulator Updates Crypto Token Rules for Funds
The Dubai Financial Services Authority (DFSA) has introduced amendments to its cryptocurrency token regulations, aiming to enhance and advance the regulatory framework for ...
Nigeria
Nigeria: IIM Receives NDPC Licence to Certify Data Protection Professionals in Nigeria
The Federal Government, through the Nigeria Data Protection Commission (NDPC), has granted a licence to the Institute of Information Management (IIM) to conduct ...
Nigeria
Nigeria: CBN Revokes Heritage Bank’s Licence Due to Financial Stability Concerns
In a decisive move to protect Nigeria’s financial integrity, the Central Bank of Nigeria (CBN) has revoked the banking license of Heritage Bank ...