THE LEAD · AGENTIC COMMERCE
Agentic Commerce Had Its Biggest Launch Month. Nobody Wants to Own the Risk.
Agentic commerce just had its busiest launch month. The data says agents research a lot but still buy very little — and liability, not technology, is the reason the biggest launches stall at checkout.
Read the full analysis ↗REGULATION · EU
Europe Agreed on Its New Payment Rules Ten Months Ago. Not One of Them Applies Yet.
2026 was supposed to be the year fintech got its new rulebook. Most of it is agreed, delayed or stuck — while the rules already in force quietly do the work.
Read the full story ↗THIS WEEK · RECAP
No Big Law Passed This Week. The Rulebook Changed Anyway.
This week’s key fintech rules came from supervisors, not parliaments: ESMA’s MiCA wish list, a $10bn US stablecoin line, uncapped Pix and no more card surcharges.
Read the full story ↗Also worth reading · 3 items
BANKING The ECB just answered tokenisation's hardest question: what do you pay with? Open story ↗ REGULATION Europe's central banks want stablecoin reserves out of bank deposits. Here is why. Open story ↗ INFRASTRUCTURE Europe's fintechs talk about sovereignty. Most of them still run on American cloud. Open story ↗