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Indonesia Has Shut Down 826 Fintech Startups This Year Alone
Indonesia, home to more than 260 million, has emerged as a prized market for fintech startups as about 90% of its population don’t carry credit cards and majority has no access to formal banking services.
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- fintech, regulations, startups
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Viewpoint: Regulators Walk the ‘Mobile Money’ Line
Banking-by-phone is on the rise, and so are the risks of anti-competitive behaviour and money laundering.
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa
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Facebook Is Inviting Washington to Regulate Libra — Good Luck With That
By not being classified as a bank, Facebook is able to avoid some of the rules that other banks have to follow.
- Categories
- Finance, Technology
- Region
- North America
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G7 Urges Tough Libra Regulation, Agrees to Tax Digital Giants
In a summary of the informal G7 talks in Chantilly, north of Paris, the French presidency said the ministers and governors had agreed that “stablecoins and other various new products currently being developed, including projects with global and potentially systemic footprint such as Libra, raise serious regulatory and systemic concerns”.
- Categories
- Finance
- Tags
- cryptocurrency, fintech, regulations
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Viewpoint: Treasury Risks Dropping the Ball on Opportunity Zones Accountability
The die will be cast when the Treasury Department releases final regulations governing Opportunity Zones. It’s up to Treasury to weigh these risks against the potential returns for our communities.
- Categories
- Investing
- Region
- North America
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Kenyan Betting Firms Say Payment Systems Suspended Following Government Order
Online sports betting companies such as SportPesa have grown rapidly in the East African nation in recent years, riding a wave of enthusiasm for sports to achieve combined revenue of 204 billion shillings ($2 billion) last year.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- public policy, regulations
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Kenya Regulators Warn MPs on Safaricom Split Bill
The issue of competition in Kenyan market is an issue politicians and regulators have regularly investigated over the last two years, with calls to spin-out mobile money units nothing new.
- Categories
- Finance, Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Ethiopia to Issue Two Telecom Licenses, Minority Stake in Monopoly
Ethiopia’s telecoms industry is considered the big prize in a push to liberalize the country’s economy launched last year by Prime Minister Abiy Ahmed because of its huge protected market serving a population of around 100 million.
- Categories
- Technology, Telecommunications
- Region
- Sub-Saharan Africa
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