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Ugandan court says mobile money illegal, but no jurisdiction
A court has pronounced that mobile money business operated by the five major telecommunication companies is illegal - a judge dismissed the case, however, because it was instituted in the wrong court.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Ecuadorian Banks Must Adopt Official Electronic Currency – or Else
While companies worldwide are embracing the rise of decentralized cryptocurrency bitcoin, Ecuadorian officials have chosen to make local banks adopt a home-grown state digital currency — whether they like it or not.
- Categories
- Uncategorized
- Region
- Latin America
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Alibaba’s B2B Plan Could Change the World of Cross-Border Commerce
Alibaba is a huge fan of the B2B business model. The eCommerce conglomerate, which has overhauled China’s B2C online shopping industry, has launched several initiatives within the B2B market, including partnerships in other Asian economies to launch wholesale eCommerce services in Thailand, Vietnam and Malaysia. The company has also fostered B2B eCommerce startups through its competitionrecently held in Hong Kong to promote innovation and progress in the industry.
- Region
- South Asia
- Tags
- regulations
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Weekly Roundup – The Obligations That Come With Trading in Trust
Global health organizations trade in trust. One way to earn that trust is to function in a transparent way. Doing so can slow processes and increase workloads, but recent cases show that the extra effort is worth it.
- Categories
- Health Care
- Tags
- regulations
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Safaricom Safe From Being Declared Market Dominant in Kenya, Regulator Says
Kenya's competition regulator said it won’t impose penalties on mobile-phone company Safaricom Ltd. to limit its market dominance as there’s no evidence to suggest the company has abused its position.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- regulations
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Cryptocurrency Maker Ripple Labs Fined $700K for Flouting Financial Regs
Today federal regulators announced a fine (PDF) of $700,000 against cryptocurrency company Ripple Labs for failing to register as a money service business. Ripple Labs built a payment transfer platform that people can use to move real or virtual money, and the company maintains its own cryptocurrency, called XRP II, which loosely compares to Bitcoin. (Unlike Bitcoin, XRP was fully generated before it went on the market, so an equivalent to Bitcoin miners doesn't exist in XRP.)
- Categories
- Uncategorized
- Tags
- regulations
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Press Release: Microfinance Leaders Offer Model Law Resource for Financial Consumer Protection
The Microfinance CEO Working Group has published Client Protection Principles: Model Law and Commentary for Financial Consumer Protection. This Model Law provides a framework of suggested legislation for financial consumer protection in the microfinance and broader financial inclusion industry.
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- Uncategorized
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Zimbabwe Cellular Regulator Cancels Contract of Third-Largest Operator Telecel
The Zimbabwean government has cancelled the operating licence for Telecel Zimbabwe, the country’s third largest mobile operator by subscriber base.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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