Kenya Drafts Policy for Virtual Assets Including Cryptocurrency
Kenya unveils draft policy for virtual assets and VASPs. Public input is being sought to refine cryptocurrency regulations.
“They just show up and look at our books,”fintech executives reveal stricter CBN compliance checks
CEO of a prominent Nigerian fintech startup announces focus on growth and compliance for 2024. Central Bank bans onboarding of new customers for certain fintechs in April 2024.
6 trends to watch in RegTech in 2025
Global RegTech market expected to reach $25.19 billion by 2028. 60% of compliance officers plan to invest in AI-powered RegTech solutions by 2025.
U.S. Bank Initiates Closure of Startup Accounts in Africa, Ukraine, and Other Regions
Mercury Bank is shutting down accounts for users in 37 countries, including 13 African nations. Startups from countries like Nigeria, South Africa, and Kenya will be unable to maintain or create new accounts with Mercury Bank.
US Bank Mercury to close accounts of startups in 13 African countries after internal compliance changes
Mercury, a San Francisco digital bank, will close the accounts of users in thirteen African countries by August 22, 2024. The new restrictions will affect users in 37 countries.
