News
Global: ECB Initiates DLT Trials for Wholesale Central Bank Money Settlement
The European Central Bank (ECB) is spearheading a collaborative effort to explore the potential of distributed ledger technology (DLT) in settling wholesale transactions ...
Regulatory
Global: Swiss National Bank Chairman Cautions Against Retail CBDC
Thomas Jordan, Chairman of the Swiss National Bank (SNB), voiced concerns on Monday (April 8) regarding the risks associated with introducing a central ...
Nigeria
Nigeria: Exclusion of Retained Earnings Poses Challenges for Nigerian Banks’ Recapitalization, Warns Moody’s
Moody’s Rating has cautioned that the exclusion of retained earnings from Nigeria’s deposit money banks’ (DMBs) capital base calculation will complicate recapitalization efforts ...
Regulatory
Global: EU’s Vestager Monitors Microsoft’s Talent Acquisition for Wider Implications
European Union regulators are closely observing Microsoft’s recent hiring spree, particularly its recruitment of most of the staff from artificial intelligence startup Inflection, ...
Regulatory
Tanzania Launches Data Protection Commission Ahead of Digital ID Implementation
Tanzania’s President Samia Suluhu Hassan has officially inaugurated the country’s Personal Data Protection Commission (PDPC), urging businesses and organizations handling personal data to ...
Regulatory
Global: New Zealand’s Privacy Watchdog Investigates Facial Recognition, Proposes Stricter Regulations
New Zealand’s privacy watchdog is advocating for stricter regulations governing the use of biometrics and AI technologies, such as facial recognition, amid growing ...
Regulatory
Global: Russian Antitrust Agency Raises Concerns with Apple Over Limited Payment Services for Users
Russia’s antitrust agency has formally reached out to Apple, expressing concerns regarding the restricted access Russian users have to comprehensive banking and payment ...
Regulatory
South Africa to Probe Microsoft Over Cloud Computing Licensing Practices, Source Reveals
A South African antitrust agency is gearing up to launch an investigation into Microsoft regarding its cloud computing licensing practices, as disclosed by ...
Kenya
Kenya: LemFi Granted Regulatory Green Light by CBK for Remittance Operations in Kenya
LemFi, a global financial technology firm specializing in international payment solutions, has secured regulatory approval from the Central Bank of Kenya (CBK) to ...
Global
Global: Central Banks Collaborate on Tokenisation for Enhanced Cross-Border Payments
A consortium of seven central banks has partnered with the Bank for International Settlements (BIS) to delve into the realm of tokenisation for ...
