Payments Firm Bolt Scraps Deal to Acquire Crypto Company Wyre
California-based online payments company Bolt is pulling out of an agreement to buy crypto provider Wyre. The news of the scrapped deal, which was agreed to earlier this year, comes…
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Ghanaian Central Bank Allays Fears That a CBDC Will Disrupt Mobile Money Operations
The Bank of Ghana has said the expected implementation of the central bank digital currency will not disrupt or negatively impact the operations of mobile money operators. Rather, the central…
Fintech Unicorn Flutterwave Granted ‘Game Changing’ License by Nigerian Central Bank
The Nigerian fintech Flutterwave has said the switching and processing license it recently received from the Central Bank of Nigeria allows it to “deliver an improved experience to our customers.”…
Kenyan Fintech Pezesha Raises $11 Million in Pre-Series a Round Backed by Cardano Blockchain Builder
Pezesha, a Kenyan fintech focused on providing bridging finance to small and medium-sized enterprises, recently raised $11 million in pre-Series A debt-equity funding round. The Women’s World Banking Capital Partners…
Georgia to Update Crypto Regulations to Incorporate EU Rules, Legalize Industry
The government of Georgia has approved amendments to the legal framework for the Caucasian nation’s financial sector, including additional regulations for crypto and fintech activities. The move aims to align…
GameFi investors are now prioritizing fun factor over money: Survey
While roughly half of the investors joined the GameFi space initially for profits, 89% of GameFi investors succumbed to Crypto Winter 2022.
Binance gives security assurances in Philippine senate banking committee hearing
Binance is seeking licensing to establish a presence in the Philippines ahead of a moratorium and providing educational resources for future traders and blockchain developers.
Second Biggest Brazilian Bank Bradesco Not Interested in Crypto, Alleges It Is Still ‘Very Small’
Bradesco, one of the biggest banks in Brazil, has stated it does not have plans to enter the cryptocurrency market in the near future. In an interview, Bradesco CEO Octavio…
US Federal Reserve Board Unveils Final Guidelines Used When Reviewing Requests for Access to Master Accounts
The U.S. Federal Reserve Board has said it has released the final guidelines which are set to be used by Reserve Banks when “reviewing requests to access Federal Reserve accounts…
Reserve Bank of Zimbabwe ‘Developed a Roadmap for Adoption of CBDC,’ Says Governor
The governor of the Zimbabwean central bank, John Mangudya, recently said his organization “has developed a roadmap for adoption of CBDC [central bank digital currency] in Zimbabwe.” Mangudya also revealed…
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