Tokenization Push: JPMorgan, Citi, Wells Fargo and Bank of America are reportedly working with The Clearing House on a tokenized deposit network launching in 2027, aiming to counter stablecoin momentum while keeping deposits under bank-style protections. US Treasury Crackdown: The Treasury is ordering banks to flag “red flags” tied to customers using illegal immigrant labor, tightening scrutiny around payroll and account activity. Africa Payments Upgrade: Afreximbank is expanding AfPAY adoption across Africa, linking 400+ banks and targeting faster, cheaper trade settlement while reducing reliance on fragmented correspondent routes. China Broker Limits: Huasheng Securities will suspend new mainland client purchases and inflows from June 15 after CSRC enforcement against cross-border broker activity, adding pressure on offshore models. India Forex Rules: Nigeria’s CBN imposed N100m fines for FX documentation breaches and escalates penalties for late reporting and limit violations, while RBI is also moving to tighten deposit-rate disclosure norms. Crypto Market Spillover: Bitcoin rebounded near $61,000 after a macro-driven selloff, but broader crypto weakness hit ADA, WLD and ETH, underscoring how quickly risk appetite can swing. Banking Consumer Deadline: Bank of America customers have limited time to claim a $2.25m settlement over alleged duplicate ATM fees at 7-Eleven machines. Cybersecurity Gap: A report warns India’s mid-tier BFSI firms are under-investing in cybersecurity, leaving them more exposed to attacks than larger peers.