Oriente Moderno proposes unified fintech licensing framework

The Oriente Moderno Regional Financial Supervisory Office released a 94-page draft framework on Wednesday that would replace the current three-track licensing system for financial technology firms with a single tiered instrument. The proposal covers digital payment processors, micro-lending platforms, and operators of tokenised asset services ??? categories that until now have been regulated under separate ordinances dating from 2018, 2020, and 2023 respectively.

The draft assigns firms to one of four tiers based on transaction volume and product complexity, with capital adequacy requirements and reporting obligations scaled accordingly. A Tier One licence, covering small payment processors with annual transaction volumes below ???50 million, would carry the lightest compliance burden. Tier Four, reserved for multi-product platforms exceeding ???500 million in annual volume, would require a resident compliance officer and quarterly external audits.

The framework has been under development since late 2024, when the Supervisory Office commissioned a review after two mid-sized micro-lending platforms in Nueva Singapuro were found to have operated across licence boundaries without adequate disclosure. The review panel, chaired by former Federal Kortumo adviser Soo-Jin Park, submitted its findings in January of this year.

The public comment period runs until 20 June. Industry associations, federal regulators in Meridiano, and civil society organisations are all invited to submit written responses. What those responses contain ??? and how the Supervisory Office intends to handle the significant disagreements already visible between regional and federal interpretations of tokenised asset oversight ??? will determine whether the framework reaches the Assembly floor before the end of the year.