Regulatory
Zimbabwe: Firms Risk Losing Licences for Abusing RBZ Forex
The government has issued a stern warning to delinquent fuel companies that are abusing foreign currency they obtain from the Reserve Bank of ...
Global
Cuba’s central bank now recognizes cryptocurrencies such as bitcoin
Cuba will now recognize and regulate cryptocurrencies such as bitcoin, citing “reasons of socioeconomic interest.” Resolution 215, which was published Thursday in the state-run Official ...
Global
Central Bank of Brazil to regulate digital currencies
The Brazil-based central bank has reportedly planned to regulate digital currencies as the country takes to digital payments, according to coingeek.com. The Central Bank ...
Africa
Angola: BNA Revokes Licences of Financial Institutions
Angola’s Central Bank (BNA) has again cancelled the licences of non-banking financial institutions saying they have repeatedly failed to comply with the rules ...
Regulatory
Uganda: Bou Issues Tough Rules for Bankers
Bank of Uganda (BoU) plans to increase the paid-up capital requirements of financial institutions in the country in a move that could make ...
Global
Cashlink applies for BaFin license for crypto securities register
The Germany-based security tokenization software solution Cashlink has submitted a notification of intent to the German financial market supervisory authority BaFin to set up a ...
Regulatory
Zimbabwe: RBZ Establishes Collateral Registry
THE Reserve Bank of Zimbabwe (RBZ) is working with BSystems Limited of Ghana to operationalise the collateral registry system by year end, after ...
Global
Japan’s financial regulator weighs stricter rules on crypto-assets
The Financial Services Agency has started discussing the introduction of stricter regulations on cryptocurrency assets in order to better protect users. The government ...
Regulatory
Rwanda: Central Bank Scraps ‘Push and Pull’ Charges
No charges and fees will henceforth be incurred when transferring funds from one’s bank account to their mobile money wallet and vice versa ...
Nigeria
Nigeria: 25 banks’ profits drop by N482b as CBN restricts N9.5tr deposits
Twenty commercial banks and five merchant banks’ profits dropped by N482 billion in 12 months over N9.5 trillion cash restriction policy implemented by ...