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Mercury Bank Blocks Fintech Founders From Nigeria, Ukraine, and a Dozen More Countries

The U.S.-based fintech company, Mercury, will offboard startups whose founders reside in or whose businesses are headquartered in 14 African countries and six non-African states. Mercury CEO Immad Akhund stated…

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Congolese Fintech Startups, Government Form Association to Accelerate Financial Inclusion

Democratic Republic of Congo (DRC)-based fintech startups have partnered with the government to launch an association. The goal of the collaboration is to accelerate financial inclusion in the African country.…

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Report: Zimbabwe Proceeding With Digital Currency Plans, Central Bank Undeterred By Slow Adoption of Nigerian CBDC

Undeterred by the reported slow adoption of the Nigerian central bank digital currency, the deputy governor of the Reserve Bank of Zimbabwe, Innocent Matshe recently said his institution will proceed…

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Qatar Central Bank Studying Digital Banks and CBDCs

Qatar Central Bank is presently examining the possibility of issuing a digital currency as well as digital bank licensing, an official has said. The official adds this study will help…

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Digital Euro Should Be Attractive But Not ‘Too Successful,’ ECB’s Panetta Says

The digital euro should be an attractive means of payment but its design should prevent it from becoming so successful as a store of value that it threatens banks and…

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Up to 12 Million Iranians Own Cryptocurrency, Traders Choose Local Exchanges

Cryptocurrencies are a popular investment among Iranians and estimates suggest that the number of those who already own one coin or another may be as high as 12 million. The…

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Nigerian Judge Rules in Favor of Accused Crypto Startup, Accounts to Be Reopened

A Nigerian Federal Court judge recently ruled that the two frozen bank accounts belonging to Rise Vest Technologies, which is accused of trading cryptocurrencies, must be reopened. CBN’s Bank Account…

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