Financial Regulation
EU Questions Binance Over Continued Operations Despite Wind-Down Order
European Union regulators are questioning Binance over its continued provision of cryptocurrency services to customers in the bloc despite an order to wind...
Proposed CBN BHC Rules May Trigger Bank Restructuring, Fitch Warns
Proposed rules by the Central Bank of Nigeria (CBN) on Bank Holding Companies (BHCs) could compel some Nigerian banks to restructure their operations,...
SEC Proposes ₦2bn Minimum Capital for Digital Asset Exchanges and Custodians
By Benson Daniel The Securities and Exchange Commission has proposed a minimum capital requirement of ₦2 billion for digital asset exchanges and digital...
Trump Agencies Set to Shape U.S. Crypto Policy as Legislation Stalls
The U.S. cryptocurrency industry is increasingly turning to federal regulators for clearer rules after Congress failed to advance major legislation aimed at establishing...
SEC Directs Nigerian Capital Market Firms to Restrict Ties With Iran, North Korea
By Benson Daniel The Securities and Exchange Commission has directed all regulated entities in Nigeria’s capital market to terminate correspondent banking relationships and...
NRS Issues New Tax Framework for Virtual Assets
By Benson Daniel The National Revenue Service (NRS) has issued new guidelines on the taxation of virtual assets, marking a significant step toward...
Senate replaces 1997 NAICOM Act with stronger insurance regulatory framework
By Benson Daniel The Senate has passed legislation to replace the National Insurance Commission (NAICOM) Act of 1997 with a more robust regulatory...
