This week in finance: PoS vs regulator

Techpoint Africa Podcast

This episode is also available on YouTube - https://youtu.be/4l18Nev1uts

Today on the Techpoint Africa Podcast our reporters look at events in the finance space this week as it affects the African tech space.

The stories:

• FCCPC to impose ₦‎10,000,000 fine on PoS operators
• FCCPC delists Sycamore
• CBN increases benchmark interest rate
• Bundle Africa shuts down exchange operations

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Timestamps

00:00 - Intro

01:24 - Attend the Modern Workplace Africa Conference
04:27 - FCCPC vs PoS
16:10 - Wrong loan company delisted by regulator
20:25 - CBN increases benchmark interest rate
31:35 - CBN unfreezes Chaka, Risevest, AbokiFX, and Bamboo acoounts
32:56 - Bundle Africa shuts down
44:11 - Instant transfers in the US

Useful links

• FCCPC to impose up to ₦‎10 million fines on PoS operators
• “An App impersonated us,” Sycamore reacts to FCCPC delisting, distances itself from “Get Loan”
• CBN increases benchmark interest rate
• CBN unfreezes accounts of Bamboo, Risevest, and Chaka
• African crypto exchange, Bundle Africa shuts down operations to focus on P2P payments
• Flutterwave accounts to remain frozen as judge declines ARA's motion to withdraw its case against the company
• Advocacy group sues the Central Bank of Nigeria
• FedNow goes live for banks, credit unions

This episode was produced by Ogheneruemu Oneyibo and Gracious Sede

Email us your feedback at [e-mail]. Visit www.techpoint.africa/ for more stories.

Music - Beach by MBB - https://www.youtube.com/watch?v=dEnQ8dHwDSk