Daily edition
Material developments in payments, digital finance and regulation, selected for an HKMA audience.
4 stories
If the court rejects the deal, merchants could face a longer period of uncertainty over card-acceptance costs, while Visa and Mastercard may be pushed toward broader concessions on interchange-related rules.
The report signals that EU regulators may scrutinize tokenized equities not just as innovation, but as a potential market-structure problem if tokenization splits liquidity across venues or wrappers.
If Ripple can embed a stablecoin into treasury-management software already used by corporate finance teams, stablecoin usage could expand from crypto-native settlement into mainstream enterprise cash and liquidity operations.
A broader CLARITY Act could shape how tokenized assets and related payment products are supervised in the U.S., influencing whether banks, exchanges and fintechs can participate under clearer federal rules.