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REGULATIONS

Uruguay Senator Introduces Bill To Adopt Cryptocurrency as a Means of Payment.

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A senator from Uruguay has introduced a bill on the floor of the country’s senate to adopt cryptocurrency as a means of payment and regulate crypto use in the South American country. The bill, presented on Tuesday by Senator Juan…

Living in Dubai ?

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Finding it Difficult to Save and Send Money Home ? Dubai approved cryptocurrency exchange to provide less fee to free transfer of money for UAE migrant workers. Dubai and the rest of UAE will soon open one of the three…

CBN Directs Banks To Create Mobile App For Foreign Exchange Services

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The Central Bank of Nigeria has directed that commercial banks create mobile applications and alert techniques to inform customers of their foreign exchange services. This follows the CBN’s ban on sales of forex to Bureau de Change operators and directive…

First Regulatory Framework For StartUps in Nigeria Underway.

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Bill to regulate fintech and cryptocurrency. The collaborative bill calls for suggestions A bill to regulate startups in Nigeria is on the works through collaborative efforts of Nigeria tech ecosystem players and representative of Nigerian government. The journey began in…

ECOWAS Urges The Member States To Embrace Cryptocurrency Under Regulatory Framework

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The legislative body of the Economic Community of West African States (ECOWAS) last week urged its member states about the importance of Cryptocurrencies when adopted with acceptable regulatory laws and advised that the member states take measures to develop and…

Central Bank of Nigeria (CBN) To Launch A Digital Currency Before The End of the Year 2021

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The Director, Information Technology Department, Central Bank of Nigeria (CBN), Mrs. Rakiyat Mohammed, revealed in a virtual briefing at the banker’s committee meeting yesterday, that the CBN will be launching a Central Bank Digital Currency (CBDC) before the end of…

Government Of India Reportedly Discards Bitcoin Ban Agenda

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According to a report by The New Indian Express on Thursday, the government’s opposing stance toward Bitcoin (BTC) appears to be shifting toward more acceptable regulatory policies for cryptocurrencies. According to inside sources quoted by the publication, authorities have dropped…

SARS Requests South Africa Exchanges for Client Data

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SARS Requests South Africa Exchanges for Client Data AltCoinTrader, VALR, and Luno have confirmed that the South African Revenue Service (SARS) has requested client data.  According to the crypto exchanges, the request is targeting certain customers. This request according to…

Largest Zimbabwean Financial Institution CBZ Holding Looks At Methods To ‘Leverage Cryptocurrencies’

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CBZ Holdings, Founded in 1980 is one of Zimbabwe’s biggest financial institutions, CBZ Holdings has declared that it is currently searching for ways it would  “leverage cryptocurrencies and other emerging digital innovations.” According to the financial institution’s chairperson, Marc Holtzman,…

Uganda Financial Intelligence Authority (FIA) Requests Cryptocurrency Regulatory Framework from the Ugandan Government.

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The Financial Intelligence Authority of Uganda (FIA Uganda) has requested the Ministry of Finance to come up with a framework to help regulate cryptocurrency operations in the country. This request has arisen due to non-compliance by various crypto exchange operators…