September 30, 2025/US SEC By Commissioner Caroline A. Crenshaw Today the agency greenlights state trust companies to act as custodians for crypto assets under the Investment Company Act and the Investment Advisers Act.[1] In other words, state entities, that are not federally-chartered banks, that generally are not allowed to accept […]
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Out of the Gray Zone
September 30, 2025/US SEC By Commissioner Hester M. Peirce Statement on The Division of Investment Management’s No-Action Letter Relating to the Custody of Crypto Assets with State Trust Companies Today, the staff of the Division of Investment Management issued a no-action letter (the “NAL”) stating that it would not recommend […]
Nigeria’s Foreign Capital Inflow Drops to US$0.79bn in April 2025
September 29, 2025 by FBNQuest Research The recently released Central Bank of Nigeria’s (CBN) monthly economic report shows that capital inflow declined to US$0.79bn in April 2025, down from US$1.17bn recorded in the previous month. However, on a year-on-year (YoY) basis, imported capital showed modest improvement compared with the US$0.77bn […]
