Regulatory
Global: Fed Governor Bowman Expresses Concerns Over Potential ‘Digital Dollar’ and Risks
Michelle Bowman, a Governor at the U.S. Federal Reserve, has voiced reservations about the idea of the United States entering the realm of ...
Nigeria
Nigeria: Telcos Contemplate USSD Service Withdrawal Amid N120 Billion Debt Dispute with Banks
Telecommunication companies are contemplating a potential withdrawal of Unstructured Supplementary Service Data (USSD) services provided to Deposit Money Banks (DMBs) as a final ...
Nigeria
Nigeria: CBN Deducts N430 Billion from Banks as Short-Term Rates Decline
Amid economic uncertainties, the Central Bank of Nigeria (CBN) has imposed a substantial penalty of N430 billion on banks for their failure to ...
Regulatory
Global: SEC Chief Issues Warning About AI’s Potential to Trigger Financial Crisis
Gary Gensler, the head of the Securities and Exchange Commission (SEC), has issued a stark warning, suggesting that artificial intelligence (AI) could pave ...
Regulatory
Global: Fintech and AI Leaders Raise Concerns About Regulatory Challenges in Parliament
An assembly of leaders from the fintech and artificial intelligence (AI) sectors convened in the UK’s Parliament for a special discussion addressing the ...
Regulatory
Global: FCA Imposes Customer Onboarding Restrictions on Modulr Pending Regulatory Compliance
The UK’s Financial Conduct Authority (FCA) has taken measures to restrict customer onboarding for Payments-as-a-Service provider Modulr until it aligns with the latest ...
Regulatory
Global: Australian Regulator Imposes $386,000 Fine on Musk’s X Platform for Anti-Child Abuse Compliance Lapses
Australia’s e-Safety Commission has issued a fine of A$610,500 ($386,000) to Elon Musk’s social media platform, X, due to its lack of cooperation ...
Nigeria
Nigeria: CBN’s New Governor Signals Shift Away from Key Development Finance Projects
Olayemi Cardoso, the new Governor of the Central Bank of Nigeria (CBN), appears to be stepping away from several significant development finance projects ...
Nigeria
Nigeria: Federal Government to Uphold Statutory Limits on Borrowing – Finance Minister Edun Assures
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has reaffirmed the government’s commitment to respecting the statutory limits ...
Regulatory
Global: Swarm Introduces EU-Compliant KYC Technology for Tokenized Securities
Swarm, a regulated DeFi platform, has unveiled its onboarding API, enabling institutions and enterprises without a know-your-customer (KYC) and anti-money laundering (AML) provider ...