Regulatory
Global: ASIC Files Lawsuit Against Bit Trade for Regulatory Compliance Failures
Bit Trade Pty Ltd, the provider of the Kraken crypto exchange in Australia, is facing civil proceedings initiated by the Australian Securities and ...
Regulatory
Global: EU Parliament Research Urges Enhanced Global Crypto Regulation Beyond EU Borders
The European Parliamentary Research Service (EPRS) has emphasized the necessity for stricter oversight by regulators outside the European Union (EU) to ensure increased ...
Nigeria
Nigeria: CBN Launches Online License Application and Approval System for Microfinance Banks
The Central Bank of Nigeria (CBN) has introduced a new online platform for the submission of license applications by microfinance banks, marking a ...
Regulatory
Global: UK FCA Issues ‘Final Warning’ to Unregistered Crypto Firms Regarding Advertising Compliance
The Financial Conduct Authority (FCA), the regulatory authority overseeing financial markets in the United Kingdom, has reiterated its concerns about the lack of ...
Kenya
Kenya: Andrew Musangi’s Nomination as CBK Board Chairperson Gets National Assembly’s Approval
The National Assembly has given its approval for the nomination of Andrew Musangi as the next chairperson of the Central Bank of Kenya ...
Kenya
Kenya: Safaricom Boosts M-Pesa Transaction Limit to KSh 250,000 Following CBK Approval
Safaricom has raised the transaction limit for each M-Pesa transaction to KSh 250,000, up from KSh 150,000, following the approval of the Central ...
Kenya
Kenya’s First Sukuk Bond Receives Regulatory Approval
Kenya’s Capital Markets Authority (CMA) has granted approval for the issuance of the nation’s inaugural Sukuk Bond by Linzi Finco Trust. This Sukuk ...
Nigeria
Nigeria Records 9% Growth in Crypto Transactions, Reaching $56 Billion
Nigeria has witnessed a remarkable 9% year-over-year growth in the volume of cryptocurrency transactions, totaling $56.7 billion during the period from July 2022 ...
Regulatory
Global: SBP Grants In-Principle Approval to Five Innovative Digital Retail Banks
In a significant move to promote innovation, financial inclusion, and the accessibility of affordable digital financial services, the State Bank of Pakistan (SBP) ...
Regulatory
Global: G20 Advocates Digital Public Infrastructure Policy to Drive Global Financial Inclusion
The G20, consisting of the 19 most advanced economies globally, along with the European Union and, more recently, the African Union, has released ...