Ethiopia: NBE issued Requirements for Undertaking Account Based Transactions and Ensuring of Regulatory Limits (Directive No. FIS/04/2021) including design requirement

Description

NBE issued Requirements for Undertaking Account Based Transactions and Ensuring of Regulatory Limits (Directive No. FIS/04/2021) including design requirement

On 27 August 2021, the National Bank of Ethiopia (NBE) issued the Requirements for Undertaking Account-Based Transactions and Ensuring of Regulatory Limits Directive No. FIS/04/2021. The requirements enter into force with a grace period of six month…

Scope

Policy Area
Design and testing standards
Policy Instrument
Design requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
central bank

Complete timeline of this policy change

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2021-08-27
adopted

On 27 August 2021, the National Bank of Ethiopia (NBE) issued the Requirements for Undertaking Acco…

2022-02-28
in force

On 28 February 2022, the National Bank of Ethiopia (NBE)'s Requirements for Undertaking Account-Bas…