Nigeria
Nigeria: CPPE Advocates for CBN to Fix Customs Duty Exchange Rate at N1000/$
The Centre for the Promotion of Private Enterprise (CPPE) has urged the Central Bank of Nigeria (CBN) to set the customs duty exchange ...
Nigeria
Nigeria: CBN Prohibits Commercial Banks and Others from Owning BDCs, Raises License Fee
In an effort to stabilize the naira exchange rate, the Central Bank of Nigeria (CBN) has introduced revised regulatory and supervisory guidelines for ...
Nigeria
Nigerian Government Implements Restrictions on Binance, Coinbase, Kraken, and Other Crypto Platforms
In response to a currency crisis and ongoing challenges with the local currency (Naira), the Nigerian government has taken measures to block access ...
Nigeria
Nigeria: CBN Proposes Increase in BDC Share Capital to Enhance Regulatory Framework
The Central Bank of Nigeria (CBN) is contemplating a significant increase in the share capital requirements for Bureau De Change (BDC) operators, proposing ...
Regulatory
Global: ECB Officials Critique Crypto Regulation as Dressing for a ‘Naked Emperor’
High-ranking payments experts at the European Central Bank (ECB) have criticized the Securities and Exchange Commission’s (SEC) approval of spot exchange-traded funds (ETFs) ...
Regulatory
Global: Frankfurt Secures Bid to Host New EU Anti-Money Laundering Agency
After a rigorous selection process, Frankfurt has emerged victorious in the bid to host the European Union’s new Anti-Money Laundering Authority (AMLA), surpassing ...
Nigeria
Bureau De Change Operators in Nigeria to Implement Automation to Combat Street Trading
The Association of Bureau De’Change Operators of Nigeria (ABCON) has unveiled plans to introduce automation into its trading operations to combat the activities ...
Regulatory
Global: Argentine President Proposes Bill to Penalize Central Bank Financing of Treasury
Argentine President Javier Milei announced on Thursday his intention to introduce a bill aimed at penalizing the central bank for financing the nation’s ...
Regulatory
Global: Germany’s Financial Regulator BaFin to Ease Restrictions on FinTech
Germany’s financial watchdog, BaFin, is reportedly poised to ease its stringent oversight on FinTechs, signaling a shift in regulatory approach. According to Bloomberg’s ...
Nigeria
Nigeria: CBN and ONSA Forge Alliance to Combat Illicit Activities in FX Market
The Central Bank of Nigeria (CBN) and the Office of the National Security Adviser (ONSA) have formed a strategic partnership to investigate and ...
