Four-hour briefing
Fintech Briefing —
What changed in fintech over the last 4 hours
Top Stories
- ECB Outlines Three Frameworks for Onchain Central Bank Money
The European Central Bank proposed three models to adapt central bank money to tokenized settlement infrastructure, including tokenizing reserves, linking existing gross settlement systems to DLT, or allowing private intermediaries to issue reserve-backed tokens. The initiative ties into broader Eurosystem efforts, such as the Pontes and Appia projects, to accommodate tokenized transactions.
- South Korea Sets Capital Rules for Tokenized Securities Ahead of 2027 Launch
South Korea's Financial Services Commission introduced draft operational rules requiring tokenized security issuer account management entities to hold a minimum of 4 billion won ($2.8 million) in equity capital. The proposed framework also limits retail investors to 100 million won in annual net purchases per over-the-counter exchange.
- Global Instant Payment Systems Implement Diverse Revenue Strategies
Instant payment networks are turning to different fee models to offset round-the-clock operational expenses, with US rails FedNow and RTP levying per-transaction fees and Brazil's Pix charging corporate users. In addition, India's UPI is applying a 0.4% merchant discount rate on certain transactions above 2,000 rupees.
Regulation
- State and Federal Officials Advance Artificial Intelligence Regulations
Maryland Gov. Wes Moore and Indiana Gov. Mike Braun are leading a bipartisan state effort to construct an AI regulatory framework amid stalled federal action. At the same time, Sens. Josh Hawley and Chris Murphy are preparing federal legislation to impose legal liability on developers and operators for rogue AI actions.
Sources
FinanceFeeds, PYMNTS