Nigeria
Nigeria: FIRS begins direct tax collection from online gaming operators
The Federal Inland Revenue Service (FIRS) has announced the commencement of the deduction of taxes at transaction points from online gaming companies, using the Sentinal National ...
Global
Global: Singapore lays down the law for crypto trading and stablecoins
The Monetary Authority of Singapore (MAS) has published two consultation papers proposing strict regulatory measures to reduce the risk to consumers from cryptocurrency ...
Global
Global: UK data watchdog fines construction biz £4.4m for poor infosec hygiene
Britain’s data watchdog has slapped construction business Interserve Group with a potential £4.4 million ($4.98M) fine after a successful phishing attack by criminals ...
Global
Global: UK Lawmakers Vote to Recognize Crypto as Regulated Financial Instruments
Lawmakers in the U.K. voted in favor of recognizing crypto assets as regulated financial instruments and products in the country. The House of ...
Global
Global: FCA Exploring Implications of Big Tech Entry Into Financial Services
As the likes of Google and Apple have diversified their offering to include payments and other financial services, the U.K.’s Financial Conduct Authority ...
Nigeria
Nigeria: Access Holdings to acquire indirect equity stake in Sigma Pensions
The National Pension Commission (PENCOM) and the Federal Competition and Consumer Protection Commission (FCCPC) have approved the proposed acquisition by First Guarantee Pension Limited (FGPL) and First ...
Global
Global: German regulator tells 1&1 to stop MVNO sales by end of 2023
The German Federal Network Agency (Bundesnetzagentur) has set a deadline for 1&1 to give up the mobile service business provided by its subsidiary ...
Global
Global: Coinbase CEO Brian Armstrong Says Decentralized Finance Should Be Protected From Regulatory Overreach
Coinbase CEO Brian Armstrong is voicing his opinion on potential regulations involving crypto and decentralized finance (DeFi). Armstrong says he’s grateful that Michigan ...
Global
Global: Vipps and MobilePay get EC approval for merger
The European Commission has approved a merger between Nordic mobile payments players MobilePay and Vipps after a third partner, Pivo, pulled out. Last ...
Global
Global: Gatehouse Bank handed £1.5m fine by FCA over “poor” AML checks
The UK’s Financial Conduct Authority (FCA) has slapped Gatehouse Bank with a £1.5 million fine citing “significant weakness” in its anti-money laundering (AML) ...