Digital Payments
Ethiopia's Ministry of Justice has directed all commercial banks to freeze the accounts of ten payment gateway providers and provide complete financial records. The action aims to probe allegations of tax evasion and money laundering in the expanding digital finance sector. This follows a recent lifting of freezes on related individuals.
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Ripple has obtained an electronic money institution license and crypto asset registration from the UK's Financial Conduct Authority, enabling it to expand its cross-border payment services in the country. The approvals, announced on January 9, 2026, support Ripple's commitment to compliant digital asset infrastructure in the region. Company executives hailed the move as a pivotal step toward unlocking global value transfer opportunities.