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Capital Markets and Services (Prescription of Securities) (Digital Currency and Digital Token) Order 2019
The Order, in force as of January 15, 2019, announces that digital currencies and digital tokens are prescribed to be securities as per definitions set forth herein.

Malaysia

Statement

2019

In Force

Keywords: Digital Currency, tokens, Securities
Memorandum of Understanding Between State of Vermont Office of Secretary of State and Department of Financial Regulation
USA (United States of America), State of Vermont, memorandum between the Secretary of State and Department of Financial Regulation to collaborate on an initiative to potentially implement digital ledger technology or blockchain technology for the purposes of digital record keeping within the captive insurance industry.

USA (United States of America)

Memorandum

2019

In Force

Keywords: Blockchain, Distributed Ledger Technology (DLT), Insurance, Insurance Regulatory Authority
Advice: Initial Coin Offerings and Crypto-Assets
European Securities and Markets Authority (ESMA) advice on initial coin offerings and crypto-assets clarifying EU rules and ESMA position.

European Union (EU)

Guideline

2019

In Force

Keywords: Initial Coin Offering (ICO), Crypto Asset
Proposal for amendment n. 8.0.3 to the DDL n. 989
Proposed amendment to regulations (Senate Act no. 989) to recognize Distributed Ledger Technology (DLT) and blockchain timestamping and validation protocols to digital documents and as referred to in EU Regulation 910/2014, Article 41.

Italy

Bill

2019

Draft Bill

Keywords: Distributed Ledger Technology (DLT), Time Stamp
Regulation for Bill Payments in Nigeria, 2018
In March 2018, the Central Bank of Nigeria released this regulation for bill payments with goals of facilitating a national payments system. Payment methods cover common payment instruments, automated clearing house. The regulation sets forth eligibility criteria for using a bill payment platform, a dispute resolution system and also provides a definition for a payment service provider (PSP).

Nigeria

Regulation

2018

In Force

Keywords: Digital Payment, Bill Payment, Dispute Resolution, PSP - Payment Service Provider, ACH - Automated Clearing House, RTGS
Schedule for Payment of Mobile Money Interest to Customers (2018)
The Bank of Ghana released a calendar of quarterly accrued interest payment dates for the payment of mobile money for 2018.

Ghana

Notification

2018

In Force

Keywords: Mobile Money, Interest, Central Bank
Study Paper: AML/CFT Regulations for Mobile Money - Policy Options for Bangladesh (2nd Edition 2018)
The Central Bank of Bangladesh released a study and policy paper on AML/CFT regulations and mobile money, with its second edition published in February 2018. It includes suggested policy recommendations to promote the effective and sustainable provision of MFS (mobile financial services) along with addressing financial inclusion goals.

Bangladesh

Policy

2018

In Force

Keywords: Mobile Money, KYC - Know Your Customer, CDD - Customer Due Diligence, Safeguarding Provisions (KYC, AML, CFT), AML - Anti Money Laundering, CFT - Counter Financing of Terrorism, Fraud
Telecommunication Tariff (Sixty Third Amendment) Order, 2018
The Telecom Regulatory Authority of India (TRAI) issued an amendment to the telecommunication tariff order in February 2018 with an aim to ensure transparency, non-discrimination, and non-predation.

India

Regulation

2018

In Force

Keywords: Telecommunication, Competition, Significant Market Power
A guide to preparing and implementing an AML/CTF program for your digital currency exchange service business
The Australian Transaction Reports and Analysis Center (AUSTRAC) developed “A guide to preparing and implementing an AML/CTF program for your digital currency exchange (DCE) service business”. It provides information for DCE services on whether they need to register with AUSTRAC, their AML/CTF obligations and some areas of considerations while preparing their AML/CTF programs.

Australia

Guidance

2018

In Force

Keywords: AML - Anti Money Laundering, CFT - Counter Financing of Terrorism, Crypto Currency, KYC - Know Your Customer
Sanctions on Erring Banks/ E-payment Service Providers for Infractions of Payment System Rules and Regulations
The Central Bank of Nigeria issued a circular, “Sanctions on erring banks/e-payment service providers for infractions of payments system rules and regulations”, which informs operators in the national payment systems- deposit money banks, mobile money operators, switches and other payment service providers- that it will face a penalty of N10,000 per day for as long as the specified license-related infractions persist, starting 1st April 2018.

Nigeria

Circular

2018

In Force

Keywords: Acquiring License, National Payment System
CBN Anti-Money Laundering and Combating the Financing of Terrorism (Administrative Sanctions) Regulations, 2018
The Central Bank of Nigeria (CBN) has issued a new AML/CFT sanctions regime. The regime outlines tougher sanctions against financial institutions and top officials in case of money laundering infraction.

Nigeria

Circular

2018

In Force

Keywords: AML - Anti Money Laundering, CFT - Counter Financing of Terrorism, Sanction
Regulatory Framework for the Use of Unstructured Supplementary Service Data (USSD) in the Nigerian Financial System
The Central Bank of Nigeria has developed “The Regulatory Framework for the Use of Unstructured Supplementary Service Data (USSD) in the Nigerian Financial System” to improve the security of their electronic payments system.

Nigeria

Circular

2018

Adopted

Keywords: USSD, Regulatory Framework
Regulation for Direct Debit Scheme in Nigeria, 2018
The Central Bank of Nigeria (CBN) has published a revised regulation on direct debits scheme in the payments system in Nigeria. The revised guideline recognizes the existing and emerging multi-channel options for direct debit instructions in Nigeria and takes into consideration recent developments in the Nigerian payments system.

Nigeria

Circular

2018

In Force

Keywords: Payments, National Payment System, Direct Debit
Consumer Code of Practice Regulations 2018
The Nigerian Communications Commission has drafted the “Consumer Code of Practice Regulations 2018” which outlines procedures to prepare approved consumer codes by licensed telecommunications operators and the required contents and features of any consumer code prepared or applicable to a licensee.

Nigeria

Regulation

2018

Draft Document

Keywords: Consumer Protection, Telecommunications
Evaluation Report on MTN Uganda Ltd - License performance from 1998 to 2018
The Uganda Communications Commission released an Evaluation Report on MTN Uganda Ltd - License Performance from 1998 to 2018 following MTN Uganda’s application for license renewal.

Uganda

Case

2018

Comment Period Closed

Keywords: Telecommunications, License Renewal, Licensing

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