The licensing of digital credit providers by the Central Bank of Kenya (CBK) has opened the floodgates of new funding to the non-deposit taking entities.
The Central Bank of Kenya (CBK) has granted operating licences to 12 more digital lenders, bringing the total to 22. With 381 applications received since March 2022, the CBK also announced that it's evaluating more digital lenders. More in #TCDaily.
South Africans have lost over $100 million to crypto scams. Now, the country’s Advertising Regulatory Board (ARB) has updated its Code of Advertising Practice with a clause specifically targeting cryptocurrency ads. More in #TCDaily.