Regulatory
Global: Eurosystem Calls for Interest in Wholesale DLT Trials for Central Bank Money Settlement
The European Central Bank (ECB) is actively seeking expressions of interest from financial market stakeholders to participate in trials involving new technologies for ...
Regulatory
Global: Elon Musk’s X Secures Payment Processing License in 13 U.S. States and Expanding
In a significant development, Elon Musk’s social media platform, formerly known as Twitter, has received approval for payment services in Pennsylvania. This milestone ...
Nigeria
Nigeria: Senate Urges AMCON to Address High CBN Interest Rates
Senator Adetokunbo Abiru, Chairman of the Senate Committee on Banking, Insurance, and other Financial Institutions, emphasized the commitment of the 10th Senate of ...
Regulatory
Global: India Takes Cautious Approach to Crypto Regulation, Focusing on Global Standards and Industry Evolution
While the global interest in crypto assets continues to surge, India is adopting a measured and deliberate strategy toward regulation. Rather than hastily ...
Regulatory
Global: Basel Committee Proposes Revisions to Criteria for Preferential Risk Treatment of Stablecoins
The Basel Committee for Banking Supervision (BCBS) has put forth proposed changes to the criteria governing the preferential risk treatment of stablecoins compared ...
Regulatory
Global: IMF Chief Advocates Regulatory Framework and Infrastructure to Mitigate Crypto Risks
Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), emphasized the imperative need for regulations and infrastructure to address the risks ...
Nigeria
Nigeria: Alert Microfinance Bank Secures State Licence Approval from CBN
Alert Microfinance Bank, a deposit-taking institution licensed by the Central Bank of Nigeria (CBN), has announced the receipt of a state licence approval ...
Regulatory
Global: UK Payments Regulator Proposes Interchange Fee Cap to Safeguard Businesses
The Payment Systems Regulator (PSR) is introducing a proposal to impose a cap on cross-border interchange fees for credit and debit cards to ...
Nigeria
Nigeria: CBN Set to Uphold Tight Monetary Policy Measures in 2024
Analysts predict that the Central Bank of Nigeria (CBN) is poised to maintain a tight monetary policy in 2024 as a strategic move ...
Regulatory
Global: Crypto Skills Shortage Challenges FCA’s Regulatory Efforts, Reveals National Audit Office Report
The Financial Conduct Authority (FCA) faced delays in registering crypto-asset firms under money laundering regulations in 2021 due to a shortage of crypto ...
