Daily edition
Material developments in payments, digital finance and regulation, selected for an HKMA audience.
5 stories
The deal shows a regional Korean bank adopting always-on cross-border payments infrastructure to improve speed and transparency for SME and business remittance clients.
A broader bank distribution network can make the digital RMB easier to access and embed it more deeply into mainstream retail and banking payment flows.
The proposal starts to translate the GENIUS Act from statute into operational licensing and distribution rules, which will affect how stablecoin issuers and platforms structure U.S. market access.
A preliminary trust charter can be mistaken for a full regulatory green light, but the OCC documents indicate this remains conditional and subject to further requirements before operations begin.
The letter gives a regulated path for a large asset manager to use a tokenized money market fund as an internal cash-management tool, which could lower operational friction for similar onchain fund structures.