News list for " regulating"
The National Assembly of Seychelles has approved a draft bill aimed at regulating virtual asset service providers (VASPs). The bill requires VASPs seeking permission to establish a substantive business in Seychelles, such as having a resident director and an office staffed with competent staff. The law aims to balance innovation with anti-money laundering efforts and comply with the recommendations of the Financial Action Task Force (FATF).
Zambia is moving ahead with the enactment of regulations banning the use of foreign currencies, including the US dollar. A draft document released to the public by the Bank of Zambia includes measures in this regard, aimed at strengthening the use of the national fiat currency, the kwacha. The document proposes up to ten years in prison for using currencies other than the kwacha and hefty fines for citizens who violate the rules. The rules, which are expected to be formalized by the finance and ...
7x24 Newsflash
Hot News
