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This is the DFSO News Section, covering recent Digital Financial Services news and relevant topics.
In comments referring to efforts at resilience in coping with the Caribbean region's periodic natural disasters, Central Bank of the Bahamas governor, John Rolle, explained how the use of a fiat-based Central Bank Digital Currency (CBDC) could help affected residents through expeditious payments restoration.
On October 3, the Central Bank of Zimbabwe rescinded its September 20 Directive banning mobile money cash-in/cash-out transactions in an effort to quell illegal premiums being demanded by agents during a period of physical cash shortages.
In an effort to increase the security and resilience of national information and communications systems and infrastructure, Mauritius ministers announced the launch of its Cyber-Resilience for Development (Cyber4D) Programme in Feburary, to be implemented in Mauritius, Botswana and Sri Lanka.
The Twaweza initiative announced that a research study it conducted in Uganda revealed that almost 79% of citizens believe that mobile money services are too expensive to use and 57% had reduced their usage since being recently burdered by a new 0.5% tax on mobile money withdrawals.
Multiple sources reported that Prof. Yemo Osinbajo, Nigeria's Vice President, estimated the annual cost of Nigerian telecommunications related financial services fraud at N197 billion (USD544,048,605) while addressing industry stakeholders at a forum organized by the Nigerican Communications Commission and the Central Bank of Nigeria.
Nine cryptocurrency firms filed a complaint in the Eastern District Court of Washington in opposition to a new electricity rate increase in Grant Count, in the state of Washington, which applies to "evolving industries" such as cryptocurrency companies. In Blocktree Properties, LLC et al v.