Ghana Launches Regulatory Sandbox to Promote Financial Inclusion
• The Bank of Ghana has announced the Regulatory Sandbox application process, which will open on Feb. 13th and close on March 14th. • The sandbox will support innovations that include “new digital business models not currently covered explicitly or implicitly under any regulation,” as well as innovations that attempt to solve the financial exclusion…
Ukraine Blocks Access to Russian Crypto Exchanges, Wallets
• The Ukrainian Financial Monitoring Service has blocked access to several Russian crypto exchanges due to their association with sanctioned Russian banks. • The agency has also blocked access to Russian crypto wallets, although it is not clear if this refers to all wallets or just those linked to the government. • The SFMS has…
Nigeria’s Debt Borrowings Exceed $48.8 Billion: Expert Urges Government Action
• Adetilewa Adebajo, an international financial markets expert, has suggested that the Nigerian Debt Management Office (DMO) contravened the law when its borrowings exceeded the set limit of $2.2 billion. • Adebajo also suggested that the Central Bank of Nigeria governor Godwin Emefiele should be probed for his role in allowing the DMO’s borrowings to…
Former FTX US President Shares Experience in 49-Part Twitter Thread
– Brett Harrison, the former president of FTX US, shared his experience working with the company in a 49-part Twitter thread. – Harrison began to disagree with FTX’s CEO, Sam Bankman-Fried, over management practices, leading to a deteriorating relationship between the two. – As a result, Harrison chose to resign from the company on Sept.…