Regulatory
Global: Honduras Regulatory Body Prohibits Banks from Dealing with Cryptocurrencies
The National Banking and Securities Commission of Honduras (CNBS) has enacted a resolution prohibiting financial institutions in the country from engaging with cryptocurrencies. ...
Regulatory
Global: Australia Advances AI Regulation with New Expert Group, While EU Nears Adoption of AI Act
Australia has taken a significant step in the direction of regulating artificial intelligence by forming a new AI Expert Group. This group, comprising ...
Nigeria
Nigerian Fintech Firm PennyTree Secures Crowdfunding License from SEC
PennyTree, a prominent Nigerian financial technology (Fintech) company, has successfully obtained a crowdfunding license from the Securities and Exchange Commission (SEC) of Nigeria, ...
Regulatory
Global: Reserve Bank of India Advocates “Hands-Off” Approach to FinTech Regulation
The Reserve Bank of India (RBI) is reportedly inclined towards adopting a “hands-off” stance in regulating FinTech companies, emphasizing adherence to customer verification ...
Nigeria
Nigeria: CBN Implements New Policy on Foreign Oil Firms’ FX Repatriation
The Central Bank of Nigeria (CBN) has introduced a new directive restricting international oil companies (IOCs) from repatriating 100% of their foreign exchange ...
Regulatory
Global: Bank of Ireland has appointed Niamh De Niese as its inaugural Chief Digital and Architecture Officer
Bank of Ireland has appointed Niamh De Niese from Santander as its first Chief Digital and Architecture Officer, a newly-created role aimed at ...
Regulatory
Global: McHenry Raises Concerns Over FinCEN Funding Amid Beneficial Ownership Debate
During a recent hearing, questions arose regarding the funding of the Financial Crimes Enforcement Network (FinCEN) amidst discussions on beneficial ownership regulations. Under ...
Regulatory
Global: ECB Commits to Exclusively European Suppliers for Digital Euro Development
The European Central Bank (ECB) has outlined its strategy to engage European suppliers in the development of a digital euro platform and infrastructure ...
Nigeria
Nigeria: NITDA’s Drive Elevating Nigeria’s Sectorial Capacities with AI, by Shuaib Shuaib Agaka
In light of Nigeria’s ongoing technological advancements, the National Information Technology Development Agency (NITDA) emerges as a pivotal force shaping the country’s tech ...
Nigeria
Nigeria: CIBN Urges NDIC to Enhance Bank Monitoring Mechanisms
Ken Opara, the President/Chairman of Council of the Chartered Institute of Bankers of Nigeria (CIBN), has urged the Nigeria Deposit Insurance Corporation (NDIC) ...
