Regulatory
Global: Hong Kong Shuts Down Unlicensed Crypto Exchanges
All cryptocurrency exchanges in Hong Kong that have not applied for an operational license with the Securities and Futures Commission (SFC) must immediately ...
Regulatory
Global: SEC Commissioner Advocates for Cross-Border Digital Securities Sandbox
Securities and Exchange Commissioner Hester Pierce recently proposed a cross-border sandbox program for U.S. and U.K. blockchain firms experimenting with tokenized securities. Pierce’s ...
Regulatory
Global: RBI Promotes Fintech Self-Regulation with New Framework
The Reserve Bank of India (RBI) has finalized its Framework for Recognising Self-Regulatory Organisations for the Fintech Sector (SRO-FT), following a period of ...
Nigeria
Nigeria: Reason Behind Increasing 2024 Data Protection Licence Fee to N2 Million -NDPC
The Nigeria Data Protection Commission (NDPC) has announced an increase in the licence fee for Data Protection Compliance Organizations (DPCOs) from N50,000 to ...
Nigeria
Nigeria: Wema Bank Targets Tier-1 Status Amid Recapitalization Drive
Wema Bank’s Managing Director and Chief Executive Officer, Moruf Oseni, has announced the bank’s strategic plans to retain its national license and aim ...
Mozambique
Mozambique: Flutterwave Secures Payment Aggregator License Approval in Mozambique
Flutterwave, Africa’s leading fintech company, has announced that it has received an approval-in-principle for its payment aggregator license from the Central Bank of ...
Nigeria
Nigeria: NCC Targets 50% Improvement in Telecom Services by End of 2024
The Nigerian Communications Commission (NCC) has set an ambitious goal to achieve a 50% improvement in the quality of telecommunications services by the ...
Regulatory
Global: BOJ Policymaker Hints at Rate Hike if Yen’s Impact on Inflation is Significant
The Bank of Japan (BOJ) may consider raising interest rates if sharp declines in the yen lead to higher inflation or significantly alter ...
Nigeria
Nigeria: MPC Raises Interest Rate to 26.25%
Yemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), announced that the Monetary Policy Committee (MPC) has increased the benchmark interest ...
Nigeria
Nigeria: BDC Operators Urge CBN to Reverse New Recapitalisation Guidelines
The Association of Bureau De Change Operators of Nigeria (ABCON) has called on the Central Bank of Nigeria (CBN) to reverse its recently ...