Global
Global: Ant Group Faces $985 Million Fine for Violations
Ant Group, the fintech giant in China, has been fined $985 million by the country’s central bank for breaching numerous laws and regulations. ...
Global
Global: BarnBridge DAO Halts Work on DeFi Protocol Amid SEC Probe
Members of the BarnBridge DAO have been instructed to pause all activities related to the project following news of an investigation by the ...
Nigeria
Nigeria: FCCPC Prohibits PoS Operators from Increasing Prices, Threatens Sanctions
The Federal Competition and Consumer Protection Commission (FCCPC) has issued a directive prohibiting Point of Sale (PoS) operators in Nigeria from implementing the ...
Regulatory
South Africa Set to Mandate Licenses for Crypto Exchanges by Year-End
South Africa is poised to become the first country on the African continent to implement a licensing requirement for digital asset exchanges. According ...
Nigeria
Nigeria: NDPC to Impose Sanctions on MDAs’ Executives for Data Breaches
The Nigeria Data Protection Commission (NDPC) has announced that it will now hold chief executives of government Ministries, Agencies, and Departments (MDAs) accountable ...
Nigeria
Nigeria: CBN’s Reform Demands and the Concerns over Privacy Intrusion
The recent release of new customer due diligence regulations by the Central Bank of Nigeria (CBN) highlights the importance of effective regulation in ...
Global
Global: Slovakia’s Parliament Approves Lower Taxes for Cryptocurrencies
Lawmakers in Slovakia have passed a parliamentary vote approving an amendment that will reduce the taxation burden on cryptocurrencies, which currently follow a ...
Global
Global: Binance’s Application for Crypto Custody License Rejected by German Regulator
Binance, the popular cryptocurrency exchange, faces further regulatory challenges as it encounters pushback from authorities in Europe and the United States. Reports indicate ...
Global
Global: UK Regulator Inquiries Investment Platforms on Offering Odey Funds to Retail Investors, Reports Financial Times
The Financial Conduct Authority (FCA) of the UK is reportedly scrutinizing investment platforms, including AJ Bell, Hargreaves Lansdown, and Halifax, for their decision ...
Global
Global: OpenAI Faces Class-Action Lawsuit Alleging Data Theft for ChatGPT
OpenAI, the creator of the popular natural language processing AI tool ChatGPT, is currently dealing with a class-action lawsuit in California. The lawsuit, ...