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Pakistan to test Trump-linked World Liberty USD1 stablecoin with central bank payment rails in January 2026
On 15 Jan 2026, Pakistan signed an MoU with SC Financial Technologies, an affiliate of Trump-linked World Liberty Financial, to pilot the USD1 dollar-pegged stablecoin in cross-border transfers. The State Bank of Pakistan will explore integrating USD1 into the country's regulated digital payment systems, alongside a new virtual assets law and an upcoming CBDC pilot. The initiative aims to experiment with supervised use of private stablecoins within Pakistan's evolving digital finance framework.
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South Korea Clears January 15 Amendments Establishing Security Token Offering Rules
On January 15, South Korea's National Assembly approved amendments to the Capital Market Act and the Act on the Electronic Registration of Stocks and Bonds to formally recognize security token offerings. The new rules introduce a blockchain-based framework with issuer custody accounts and OTC oversight, with implementation targeted for early 2026 and potential expansion of tokenized real-world assets.
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Former Digital Yuan Architect Yao Qian Allegedly Took Over $8M in Crypto Bribes Traced on Blockchain
Chinese state television reported on January 14 that former digital yuan architect Yao Qian allegedly received more than $8 million in cryptocurrency bribes while serving in top financial regulatory roles. Investigators traced 2,000 Ethereum and other funds through hardware wallets, shell accounts, and exchange transfers, linking the assets to a Beijing villa purchase and broader corruption involving business favors and recruitment decisions.
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