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According to the Bank of England, the discussion paper published on Monday represents “an exploratory phase in developing the new regime.” After regulators receive feedback from stakeholders on these proposals, they will consult on the final rules.

Tech companies can now issue payment-based stablecoins in the UK under new policy

News

The United Kingdom’s (UK) central bank, the Bank of England (BOE), on Monday released its plan to govern the stablecoin market.  According to the published paper, the BOE and the Financial Conduct Authority (FCA) plan to follow the rules released by the UK government last week to oversee the digital asset industry. As per the new proposal, […]

November 7, 2023 / 0 Comments
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Nigeria’s crypto market surged to ₦75 trillion ($50 billion) in transactions between July 2023 and June 2024, far outpacing traditional investments and highlighting waning confidence in the capital market.

Why Nigerians prefer using digital banks for fund transfers ahead of saving their wealth

Industry Analysis

Despite their growing popularity, many Nigerians still view financial technology companies as loose cannons

October 6, 2023 / 0 Comments
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