#regulation

The Tobacco Bill has been advanced by Parliament, with approximately 10 committee members in favor and one opposed. The bill will undergo a detailed clause-by-clause analysis and consideration, as MPs aim for balanced regulation and a crackdown on illicit trade, according to IOL.

Experts have shared differing views on the effects of new regulatory frameworks implemented by the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) on the fintech sector in Nigeria. The introduction of these rules has led to a division within the industry regarding their potential impact.

The GSM Association has introduced a Satellite Regulatory Playbook aimed at assisting governments in navigating the increasing global demand for satellite connectivity, according to a report by the News Agency of Nigeria.

Stakeholders in South Africa have until 21 August to provide their input on a proposed bill that could significantly alter the regulatory landscape of the telecommunications sector, as parliament prepares to make a decision on the matter.

Brazil is implementing a crackdown on illegal online gambling by freezing the funds of operators and holding banks accountable for their involvement. This move serves as a potential lesson for South Africa, which may need to consider similar measures in its own regulatory approach to online gambling.