Kenya
Kenya: Blockchain Association of Kenya Advocates New Regulatory Measures for Crypto Firms
BAK, a digital asset industry lobby group, has submitted the Virtual Asset Service Provider (VASP) bill to the National Assembly, advocating for the ...
Nigeria
Nigeria: Financial Reporting Council to Take Stringent Action Against Violations
The Financial Reporting Council (FRC) has issued a stern warning, declaring its intention to mete out severe sanctions on accounting professionals and firms ...
Regulatory
Global: Treasury Prime Shifts Focus to Direct Bank Sales Amid Regulatory Pressures
The evolution of financial services into digital realms, coupled with the emergence of open banking, has spurred a transformative landscape of partnerships within ...
Regulatory
Global: New Zealand Central Bank Enforces Swift Cyber Incident Reporting Rules Throughout 2024
The Reserve Bank of New Zealand (RBNZ) has mandated that banks report significant cyber incidents within 72 hours as it introduces a phased ...
Nigeria
Nigerian House of Representatives Summons Binance CEO Over Money Laundering Concerns
The Committee on Financial Crimes of the Nigerian House of Representatives has issued a summons to Binance CEO, Richard Teng, to appear before ...
Regulatory
Global: Paytm Business Bank Penalized for Money Laundering; Faces Regulatory Scrutiny
Indian regulator Financial Intelligence Unit has imposed a fine of 55 million rupees (approximately $663,000) on Paytm’s banking business over money laundering allegations. ...
Regulatory
Global: Final Approval Required for EU-Government Digital Identity Wallets
The European Union has given substantial approval to legislation that paves the way for residents to have digital ID wallets without relying on ...
Nigeria
Nigerian Government Denies $10 Billion Binance Fine Reports
A representative of the Nigerian government has dismissed speculation surrounding a reported $10 billion fine for the cryptocurrency exchange Binance. Bayo Onanuga, a ...
Nigeria
Nigeria: CBN Revokes Licenses of 4,173 BDCs for Regulatory Violations
In a significant move to enhance regulatory compliance in the local currency market, the Central Bank of Nigeria (CBN) has invalidated the licenses ...
Nigeria
Nigeria: CBN Governor Affirms Naira as Grossly Undervalued, Vows Aggressive Regulatory Measures
Mr. Yemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), declared that the Naira is significantly undervalued, expressing concerns about the ...
