U.S. Bank Initiates Closure of Startup Accounts in Africa, Ukraine, and Other Regions
Mercury Bank is shutting down accounts for users in 37 countries, including 13 African nations. Startups from countries like Nigeria, South Africa, and Kenya will be unable to maintain or create new accounts with Mercury Bank.
US Bank Mercury to close accounts of startups in 13 African countries after internal compliance changes
Mercury, a San Francisco digital bank, will close the accounts of users in thirteen African countries by August 22, 2024. The new restrictions will affect users in 37 countries.
South Africa’s regulator tightens transaction rules for crypto asset service providers
South Africa's Financial Intelligence Centre (FIC) has issued a draft directive to ensure that accountable institutions that provide crypto asset services adhere to and implement the Financial Action Task Force's (FATF) recommendations. The directive requires crypto asset service providers in South
