This week in finance: PoS vs regulator

<div> <div> <div>This episode is also available on YouTube -&nbsp;<a href="https://youtu.be/4l18Nev1uts">https://youtu.be/4l18Nev1uts</a></div> <div>&nbsp;</div> <div> <p>Today on the Techpoint Africa Podcast our reporters look at events in the finance space this week as it affects the African tech space.</p> <p><strong>The stories:</strong></p> <ul> <li>FCCPC to impose ₦&lrm;10,000,000 fine on PoS operators</li> <li>FCCPC delists Sycamore</li> <li>CBN increases benchmark interest rate</li> <li>Bundle Africa shuts down exchange operations</li> </ul> </div> <div><strong>Register to attend </strong>the Modern Workplace Africa Conference: https://modernworkplaceafrica.com/</div> </div> <div> <div> <div> <div> <div> <div>&nbsp;</div> <div>Subscribe to <strong>The Workaholic</strong> - https://techpoint.africa/subject/work/</div> <div> <div> <div>and</div> <div><strong>Fintech Today</strong> - https://techpoint.africa/subject/fintech/</div> <div>and</div> <div><strong>Techpoint Digest</strong> -&nbsp;https://techpoint.africa/subject/techpoint-digest/</div> <div> <div>and</div> <div><strong>Intellligence by Techpoint's newsletter </strong>-https://intelligence.techpoint.africa/newsletter-signup/</div> <div>&nbsp;</div> <div><strong>Timestamps</strong></div> </div> </div> <div>00:00 - Intro</div> <div>01:24 - Attend the Modern Workplace Africa Conference<br />04:27 - FCCPC vs PoS<br />16:10 - Wrong loan company delisted by regulator<br />20:25 - CBN increases benchmark interest rate<br />31:35 - CBN unfreezes Chaka, Risevest, AbokiFX, and Bamboo acoounts<br />32:56 - Bundle Africa shuts down<br />44:11 - Instant transfers in the US</div> </div> <div>&nbsp;</div> <div> <div> <div> <div><strong>Useful links</strong></div> <ul> <li>FCCPC to <a href="https://techpoint.africa/2023/07/25/techpoint-digest-633/#:~:text=FCCPC%20to%20impose%20up%20to%20%E2%82%A6%E2%80%8E10%20million%20fines%20on%20PoS%20%C2%A0operators">impose up to ₦&lrm;10 million fines on PoS&nbsp; operators</a>&nbsp;</li> <li>&ldquo;An App impersona