Ethiopia: Implemented National Bank rule on equity investment by foreign nationals of Ethiopian origin in payment instrument issuers or payment system operators (Directive No. ONPS/04/2021)
Description
Implemented National Bank rule on equity investment by foreign nationals of Ethiopian origin in payment instrument issuers or payment system operators (Directive No. ONPS/04/2021)
On 1 July 2021, the Manner of Equity Investment by Foreign Nationals of Ethiopian Origin or Organisations in Payment Instrument Issuer or Payment System Operator Business Directive No. ONPS/04/2021 came into force. It establishes the licensing frame…
Scope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Operational license requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
central bank