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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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