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Maldives to Establish Development Bank

President Mohamed Muizzu decided at a cabinet meeting on Sunday to establish a development bank named 'Maldives International Financial Services Authority' (MIFSA), which was tasked with drafting regulations for onshore banking operating licences. The cabinet also tasked Bank of Maldives with introducing e-wallet services within a week and instructed agencies to formulate bills on international financial centres and cybersecurity.

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Sources 1carried it 1 of 19 news outlets we monitor

One outlet so far Only Maldives Republic has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.

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  • The President has tasked the Maldives International Financial Services Authority with drafting regulations for issuing Onshore Banking Operating Licenses

    the President's Office Maldives Republic Open the report (Maldives Republic)

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