DCW Weekly Fintech & Crypto Digest: W/E Jan 23rd, 2026

Bitcoin rebounds toward $90,000 as CLARITY Act negotiations intensify around stablecoin yield restrictions. Record cybercrime losses exceed $4 billion whilst quantum computing advances accelerate toward commercial viability. Global regulatory frameworks crystallise as Davos signals crypto's transition from emerging technology to foundational infrastructure.

Executive Summary

The third full week of 2026 demonstrates digital assets moving decisively from regulatory debate toward implementation whilst confronting unprecedented cybersecurity challenges. Bitcoin recovered from lows near $87,600 to trade around $89,943 as of January 23rd, 2026, with compressed Bollinger Bands suggesting an impending expansion of volatility. The cryptocurrency has consolidated in a tight $85,000-$90,000 range throughout January following Q4 2025 corrections, with technical indicators showing mixed sentiment as the Fear & Greed Index registers extreme fear at 20.

The CLARITY Act faced renewed turbulence as Coinbase CEO Brian Armstrong withdrew support on January 14th, forcing Senate Banking Committee Chairman Tim Scott to postpone the scheduled January 15th markup. The controversy centres on stablecoin yield restrictions, with banking interests demanding the closure of what they characterise as loopholes that allow third-party platforms to offer rewards on stablecoin holdings. The revised Senate draft bans passive yield on stablecoins but permits rewards for active activities, including transactions, payments, transfers, and DeFi liquidity provision. Despite the delay, the Senate Agriculture Committee plans to advance its version on January 27th, with White House adviser Patrick Witt stating 'There will be a crypto market structure bill---it's a question of when, not if.'

Cybersecurity threats reached an industrial scale as PeckShield reported that 2025 cryptocurrency theft and scams exceeded $4.04 billion, marking a 34.2% increase from 2024's $3.01 billion. Hacking losses totalled $2.67 billion (up 24% year-over-year), whilst scam losses reached $1.37 billion (up 64.2%). The Chainalysis 2026 Crypto Crime Report estimates on-chain scam receipts reached at least $14 billion in 2025, with projections suggesting final tallies could exceed $17 billion based on historical revision patterns. AI-powered impersonation scams exploded 700%, with deepfake operations extracting 4.5 times more money than traditional schemes. The Prince Group Transnational Criminal Organisation leader Chen was arrested in Cambodia in January 2026 and extradited to China rather than the United States, highlighting geopolitical complexities in prosecuting transnational crypto crime.

Quantum computing entered a transformational phase with multiple commercial announcements. D-Wave demonstrated scalable on-chip cryogenic control for gate-model qubits on January 7th, 2026, claiming an industry-first breakthrough overcoming longstanding obstacles to commercially viable quantum computers. Microsoft and Atom Computing confirmed plans to deliver error-corrected quantum computers to clients in 2026, marking the achievement of level 2 systems in Microsoft's three-level quantum computing framework. A new quantum error-correction method announced January 6th achieves near-theoretical accuracy with minimal computational overhead, addressing previous limitations that hindered large-scale quantum computing. Industry consensus maintains that quantum computers capable of breaking Bitcoin encryption remain unlikely before 2030, though harvest-and-decrypt attacks pose near-term risks.

The World Economic Forum's 2026 Annual Meeting in Davos marked a decisive shift in how global finance treats digital assets. Conversations moved from existential questions about regulatory permission toward operational system design questions about tokenised asset settlement, standards for tokenised collateral, and primary jurisdictional homes for on-chain financial infrastructure. Tokenisation discussions shifted from futuristic visions to practical implementation challenges, such as migrating existing instruments onto tokenised rails without creating fragmentation. The meetings reinforced digital money's emergence as a geopolitical asset with competing models: stablecoin-first approaches (favoured by the United States) versus CBDC-first models (led by China and emerging markets).

Gold reached record highs above $4,900 per ounce for the first time, trading at $4,957.55 by mid-January 2026 with forecasts ranging from $5,400 to $10,000. The safe-haven demand reflects continuing geopolitical tensions and macroeconomic uncertainty. US-EU trade tensions eased following agreements on Greenland military access modelled on the 1951 deal, with President Trump confirming no tariffs would be imposed on eight European NATO nations. Equity markets responded positively, with US stocks posting gains, whilst crypto markets posted modest green candles before drifting lower, as Bitcoin hovered around $89,400.

STABLECOINS & PAYMENT INNOVATION

CLARITY Act Stablecoin Yield Controversy Deepens

The Senate Banking Committee's January 12th, 2026, draft of the CLARITY Act incorporated language banning passive yield on stablecoins, marking escalated conflict between traditional banking and crypto industries. The provision addresses banking concerns that yield-bearing stablecoins operate as de facto deposits outside the insured banking system, potentially drawing trillions from traditional deposit-taking institutions. However, the legislation permits companies to offer rewards or incentives for active activities, including transactions, payments, transfers, remittances, and providing liquidity in DeFi protocols.

Coinbase CEO Brian Armstrong announced withdrawal of support for the CLARITY Act on January 14th via social media, criticising various elements but primarily objecting to stablecoin yield restrictions. Armstrong's timing proved significant: his post arrived on the eve of the Senate Banking Committee's markup session, forcing Chairman Tim Scott to postpone proceedings. Industry sources suggest Armstrong argued the base text already represented a compromise by prohibiting most yield payments whilst including carve-outs for membership or participation in loyalty, promotional, subscription, or incentive programs. A proposed amendment from Senators Angela Alsobrooks (D-Md.) and Thom Tillis (R-N.C.) threatened to further limit yield payments, potentially undermining Coinbase's ability to promote USDC adoption.

The controversy carries significant financial stakes for Coinbase, with stablecoins accounting for nearly 20% of the exchange's revenue ($355 million in Q3 2025) and most USDC growth occurring on Coinbase's platform. Coinbase chief policy officer Faryar Shirzad warned that limiting rewards could weaken the global competitiveness of dollar-backed stablecoins, particularly as China moves to make its digital yuan interest-bearing starting January 1, 2026. White House adviser Patrick Witt responded firmly, posting: 'There will be a crypto market structure bill---it's a question of when, not if. Assuming a multi-trillion dollar industry will continue to operate indefinitely without a comprehensive regulatory framework is pure fantasy.'

Banking Industry Mobilises Against Stablecoin Competition

Traditional financial institutions intensified lobbying efforts throughout January 2026, framing stablecoin rewards as an existential threat to deposit-funded lending models. America's Credit Unions joined organisations on January 13th opposing any form of yield on payment stablecoins, arguing that such compensation 'threatens to drain deposits from regulated institutions, constricting the credit that fuels communities across our great nation.' The American Bankers Association's Community Bankers Council sent letters to Senate members requesting the prevention of stablecoin issuer affiliates from offering rewards, characterising these products as exploitation of the GENIUS Act loopholes.

Banking arguments emphasise systemic risk to community lending. ABA President Rob Nichols warned bank CEOs that loopholes could mean trillions diverted from banks, jeopardising loans to small businesses, farmers, students, and homebuyers. Treasury estimates suggest a potential $1.3 trillion contraction in retail deposits if high-yield stablecoins achieve widespread adoption, with $6.6 trillion deposit flight risk cited by institutional analysis. Banks currently earn approximately 4% on reserves held at the Federal Reserve with minimal return-sharing to depositors, whilst stablecoin platforms view passing yield to users as a core product value proposition.

The crypto industry characterised banking positions as protectionist resistance to competition. The Blockchain Association argued that restrictions risk undermining a carefully negotiated compromise, reducing consumer choice, suppressing competition, and injecting uncertainty into the implementation of the new law.' DeFi proponents secured significant protections for non-custodial software developers from prosecution under money transmission laws, representing a partial victory despite yield restrictions. The compromise reflects a broader regulatory maturation process in which digital asset integration requires balancing innovation incentives with financial stability concerns.

Davos 2026: Crypto Transitions from Sideshow to System Design

The World Economic Forum's 2026 Annual Meeting marked a decisive inflexion point in how global finance treats digital assets. Unlike previous years, where crypto appeared only at side events and branded lounges outside official agendas, 2026 saw cryptocurrency and blockchain integrated into mainstream financial system design conversations. Patrick Witt noted the shift: 'This was the year global finance stopped treating crypto as an outsider asking for permission and started treating it as market infrastructure that must be designed, governed, and integrated.'

Conversations evolved from existential questions ' Will regulators ever really allow this?', 'Is this speculative bubble or a new asset class?', 'Can decentralisation survive contact with regulation?' toward operational implementation challenges. Discussion topics included: How should tokenised assets settle against central bank money, tokenised deposits, and stablecoins? What standards are necessary for tokenised collateral to move safely through global markets? Which jurisdictions will become primary homes for on-chain financial infrastructure? The debate shifted from 'if' to 'how', signalling crypto's evolution from a parallel system that might disrupt finance toward a core component of capital markets, payments, and public money infrastructure.

Tokenisation discussions moved beyond buzzword status toward inevitable refactoring of market plumbing. Practical questions focused on migrating existing instruments (bonds, money market funds, REITs) onto tokenised rails without creating fragmentation, establishing legal frameworks for the enforceability of tokenised securities across jurisdictions, and ensuring that custody, settlement, and collateral management systems interoperate seamlessly. Stablecoins and CBDCs emerged as competing models for digital money's future: stablecoin-first approaches (favoured by the United States with regulated private issuers) versus CBDC-first models (led by China and emerging markets with programmable state-issued digital currencies). The realisation solidified that digital money represents a geopolitical asset, not merely a payment tool.

US REGULATORY DEVELOPMENTS

CLARITY Act Timeline Extends to Late January

Senate Banking Committee Chairman Tim Scott postponed the scheduled January 15th, 2026 markup vote on the CLARITY Act following Brian Armstrong's withdrawal of Coinbase support. Wyoming Senator Cynthia Lummis indicated the delay would allow additional time to secure bipartisan support and resolve remaining technical issues around DeFi oversight and market integrity provisions. The Senate Agriculture Committee, which has jurisdiction over CFTC-related portions, scheduled its own markup for January 27th, 2026, suggesting legislative process continues despite Banking Committee delays.

Industry experts maintain 50-60% probability that the bill will pass before November 2026 midterms, though election-year politics and potential government funding deadlines could slow progress. If enacted, the CLARITY Act would grant the CFTC exclusive jurisdiction over digital commodity spot markets whilst maintaining SEC jurisdiction over investment contract assets. Bitcoin and Ethereum would primarily fall under CFTC regulation as commodities. The legislation establishes registration requirements for digital commodity exchanges, brokers, and dealers, whilst providing pathways for DeFi activities and more explicit rules for tokenised assets.

The revised Senate draft introduces 'Ancillary Asset' classification crypto assets whose value relies on issuer efforts. Whilst most crypto assets would be considered digital commodities regulated by CFTC, SEC would determine whether given tokens meet ancillary asset definition. Paradigm's Justin Slaughter warned on social media: 'This is going to be a problem for a lot of projects. The SEC still starts out with authority over basically all tokens. You can imagine a future SEC that tries to gatekeep projects and calls everything an ancillary asset.' Companies or individuals issuing ancillary assets would face regular disclosure requirements covering tokenomics, distribution, experience, finances, identities, roadmaps, and plain-English project descriptions.

GENIUS Act Implementation Progresses Toward July 2026 Deadline

Full implementation of the GENIUS Act, signed into law July 18, 2025, remains on track for 2026, with regulators required to finalise rules by July 18, 2026. Treasury and relevant bodies continue working on implementing regulations ahead of the January 18, 2027 compliance deadline for market participants. The FDIC proposed procedures for bank subsidiaries to issue stablecoins in December 2025, signalling growing institutional involvement in stablecoin markets.

The GENIUS Act established comprehensive frameworks, including issuer licensing (federal for larger entities exceeding $10 billion, state options for smaller issuers), strict prohibitions on rehypothecation and algorithmic stablecoins without safeguards, and enhanced AML compliance and consumer protections. Experts predict a surge in institutional adoption of stablecoins that could enable on-chain finance and enhance dollar dominance in global digital payments. Since the passage of the GENIUS Act, financial institutions, including JPMorgan and Citigroup, have entered the market, whilst companies with strong consumer ecosystems experiment with branded payment tokens.

The implementation process has become contentious as traditional banks push to close what they characterise as yield loopholes. Banking interests argue stablecoin rewards operate as de facto deposits outside insured banking system, threatening deposit-funded lending models that underpin traditional banking. The crypto industry contends that restrictions risk undermining carefully negotiated compromises and reducing consumer choice. The debate reflects fundamental tension between innovation incentives and financial stability concerns as digital assets integrate with traditional finance.

Federal Reserve Independence Under Pressure

The independence of the US Federal Reserve faces unprecedented pressure as President Trump continues attempts to influence central bank policies, including ordering a criminal investigation into Fed Chair Jerome Powell. Since the beginning of his second term, Trump repeatedly called for Powell's replacement and attempted to remove board member Lisa Cook, accusing her of mortgage fraud. Trump's actions are widely seen as attempts to pressure the central bank into cutting interest rates, defying its mandate and independence.

The pro-independence argument maintains that politicians are tempted to pursue self-defeating monetary policies in pursuit of short-term electoral goals, such as reducing unemployment and inflating away debts. Monetary policies that make everyone better off in the long run are more attainable and sustainable if delegated to a conservative central banker. However, recent inflation surges damaged public trust in central banks and sparked vocal criticism from politicians. The global financial crisis, a prolonged period of quantitative easing, and pressures from climate risk, geopolitical shocks, and fiscal activism raise fundamental questions about whether the orthodox consensus has reached its limits.

CYBERSECURITY & SCAMS

2025 Crypto Crime Exceeds $4 Billion in Record Escalation

PeckShield's annual security report, published mid-January 2026, revealed that 2025 cryptocurrency theft and scams reached $4.04 billion, representing 34.2% increase from 2024's $3.01 billion and approximately 55% increase from 2023's $2.61 billion. Despite a decrease in the total number of crypto-related security incidents in 2025, the overall value of stolen assets increased sharply, indicating the growing sophistication of attacks and increasing security challenges facing the cryptocurrency industry. Hacking losses totalled $2.67 billion (up 24% year-over-year), whilst scam losses reached $1.37 billion (up 64.2%).

The Bybit hack, linked to North Korea's Lazarus Group, represented 2025's largest single incident, causing over $1.4 billion in losses. February 2025 was the worst month for crypto theft, with $1.77 billion lost primarily due to the Bybit hack. By contrast, October recorded the lowest monthly losses at approximately $21.6 million, though figures climbed in November. Monthly data revealed losses were unevenly distributed throughout the year, with significant concentration in first-quarter incidents. Iran's largest cryptocurrency exchange Nobitex reportedly suffered approximately $81.7 million in losses after Gonjeshke Darande (Predatory Sparrow) exploited vulnerabilities.

Early 2026 trends suggest continuation of high-loss patterns. Just 13 days into January 2026, the crypto industry fell victim to two major exploits: the Truebit exploit, resulting in over $26 million in stolen assets on January 8th, and a social engineering attack targeting Betterment investment platform users. PeckShield noted that only about $334.9 million of stolen crypto assets in 2025 were recovered or frozen, representing less than 9% of total losses, highlighting the limited effectiveness of current recovery mechanisms despite improved law enforcement capabilities.

AI-Powered Scams Explode 700% with Industrial-Scale Operations

The Chainalysis 2026 Crypto Crime Report estimates cryptocurrency scams received at least $14 billion on-chain in 2025, significant increase from $9.9 billion initially reported for 2024 (later recalculated to $12 billion). Based on historical trends where annual estimates grow average 24% between reporting periods, Chainalysis projects 2025 figure could exceed $17 billion as additional illicit wallet addresses are identified in coming months. AI-powered impersonation scams exploded 700% year-over-year, with deepfake operations extracting 4.5 times more money than traditional schemes.

Scammers leveraged advanced generative AI tools including Midjourney and Stable Diffusion evolved into video deepfakes, creating hyper-realistic videos of influencers, celebrities, and project founders endorsing fake tokens. In a documented case from June 2024, a deepfake Elon Musk video was used during a live YouTube stream to solicit funds, with the scammer's wallet receiving contributions from multiple victims within 20 minutes, ultimately collecting at least $5 million between March 2024 and January 2025. These funds were traced to major exchanges including MEXC and darknet markets. Fraudulent YouTube livestreams mimicking Bitcoin giveaways defrauded viewers of $120 million.

The industrialisation of fraud infrastructure through services like Lighthouse phishing-as-a-service operation transformed digital crime from amateur operations into industrial-scale enterprises. Chinese criminal underground entities including Taihe Gong scamming group purchased Lighthouse phishing kits and received payments from several Chinese-language money laundering networks and fraud shops. Strong connections to East and Southeast Asian crime networks were identified, particularly through forced labour compounds in Cambodia, Myanmar, and other regions where trafficking victims are forced to operate scams. At least 87 deepfake scam rings were dismantled in early 2025 alone, yet security experts found new operations launching faster than they could shut them down.

Prince Group Transnational Criminal Organisation Faces Sanctions

In October 2025, working in close coordination with the UK's Foreign, Commonwealth and Development Office, the US Department of the Treasury's Office of Foreign Assets Control jointly designated 146 targets within the Prince Group Transnational Criminal Organisation. The designation cited 'laundry list of transnational crimes, including construction, operation, and management of scam compounds reliant on human trafficking and modern-day slavery where industrial-scale cyberfraud operations target victims around the world, including US citizens.' US authorities confiscated cryptocurrency worth a record $15 billion from the organisation.

In development demonstrating complex geopolitical dimensions of prosecuting transnational crypto crime, Prince Group leader Chen was arrested in Cambodia in January 2026 after his Cambodian citizenship was revoked in December and was subsequently extradited to China for investigation rather than to the United States, where he faces indictment. The jurisdictional challenges highlight difficulties in dismantling global scam networks when multiple nations claim legal authority. Law enforcement made record-breaking seizures, including 61,000 Bitcoin (£5 billion) in the UK's Jian Wen case, demonstrating improved capability to combat crypto fraud.

Chainalysis emphasised that a strong multi-pronged response is required to tackle entrenched, industrial-scale scamming activity: stronger emphasis on preventing victim harm through greater adoption of real-time fraud and mule detection systems; enhanced cross-border law enforcement coordination to facilitate rapid fund tracing and freezing; and international support for capacity building and technical assistance to strengthen institutions and enforcement in low-capacity jurisdictions. As 2026 progresses, the convergence of scam methodologies is expected as scammers adopt multiple tactics and technologies simultaneously.

Crypto ATM Scams Drive Continued Regulatory Response

According to FBI data, cryptocurrency ATM scams caused nearly $250 million in losses in 2024, with the figures for January through November 2025 rising to $333 million, representing a substantial acceleration. Scammers typically pose as government agents, banks, or other authorities, creating sense of urgency to manipulate victims into depositing funds into crypto ATMs. One documented case involved a victim being told, 'your funds are compromised, you need to go to the bank right away to remove the funds. If not, we're going to take them from you.' When police intervened and confronted the scammer, the scammer retorted: 'If you're the police, I'm Donald Trump.'

Spokane, Washington, became the largest US municipality to enact a ban on all crypto ATMs within city limits in June 2025, following a similar ordinance in Stillwater, Minnesota. Spokane Police Detective Tim Schwering reported one victim lost $900,000 deposited into a crypto ATM, whilst at least two people lost their life savings and subsequently took their own lives. Elderly or lonely people were frequently targeted by overseas crypto criminals masquerading as romantic interests, or preying on cognitive decline. Washington state legislators are considering a statewide ban beginning in January 2026 that would prevent crypto ATMs from simply relocating to neighbouring municipalities.

Approximately 80% of the world's bitcoin teller machines are located in the United States, though the need for crypto ATMs has declined domestically as people viewing crypto as an investment asset class are far less likely to interact with ATMs. Palm Beach County Sheriff's Office warns on social media that no legitimate business agency or government agency will ever ask for payment in cryptocurrency. Warning signs of possible scams include claiming to be from the government or a bank, asking to wire money or send cryptocurrency, and creating a sense of urgency to play on emotions.

DIGITAL ASSET MARKETS

Bitcoin Consolidates Near $90,000 with Compressed Volatility

Bitcoin traded at approximately $89,943 as of January 23rd, 2026, representing a recovery from recent lows near $87,600 but remaining well below early January highs that briefly tested $96,000. The cryptocurrency consolidated throughout January in a compressed $85,000-$90,000 range following Q4 2025 corrections that saw Bitcoin decline for three consecutive months--- a pattern historically seen only 15 times and one that has often set the stage for January gains. Current price represents approximately 0.81% gain in last 24 hours, with intraday high reaching $90,499 and low touching $87,336.

Technical indicators show compressed Bollinger Bands below $3,500 tightest level since July 2025, historically signalling impending significant price move. The squeeze indicates historically low volatility with bands compressed to less than $3,500, pattern that typically precedes major price movements either upward or downward. Bitcoin's current support levels identified at $94,000 and $92,000, with key resistance at $99,500 (100-day EMA) and major supply zone at $100,000-$102,000. Market analysts forecast Bitcoin will trade within $90,000-$95,000 range for most of January 2026, with traders awaiting clearer directional catalysts rather than positioning for immediate breakout.

Current market sentiment remains cautious, with crypto market experiencing what analysts describe as 'extreme fear' conditions measured at Fear & Greed Index reading of 20 this week. This sentiment reading, whilst seemingly bearish, can be a contrarian bullish indicator as excessive pessimism tends to create oversold conditions. Historically, periods of extreme fear have often coincided with attractive entry points for longer-term investors. Bitcoin spot ETFs amassed over $1.9 billion in net inflows during first week of January 2026 alone, demonstrating continued institutional interest despite recent price volatility. This persistent institutional demand provides strong fundamental foundation for Bitcoin's long-term price appreciation, even as short-term technical factors drive day-to-day price action.

Gold Reaches Record Highs Above $4,900 Per Ounce

Gold prices topped $4,900 per ounce for first time in history, trading at $4,957.55 by mid-January 2026. Hong Kong steps up bid to become global gold trading hub, whilst Poland's gold reserves now exceed those of European Central Bank. Analyst forecasts range from $5,400 to $10,000 per ounce, reflecting strong safe-haven demand driven by continuing geopolitical tensions, macroeconomic uncertainty, and concerns about fiat currency devaluation. The record gold prices coincide with Bitcoin's consolidation, highlighting flight-to-safety dynamics across both traditional and digital safe-haven assets.

Gold's safe-haven appeal fuels record prices as investors seek protection against inflation, currency debasement, and geopolitical risks. The parallel strength in both gold and Bitcoin, despite Bitcoin's short-term volatility, suggests broader hedging behaviour across asset classes. Traditional finance increasingly treats gold and Bitcoin as complementary stores of value, with institutional portfolios allocating to both as diversification strategies. The gold rally provides context for understanding Bitcoin's relatively stable consolidation during January 2026, as macro uncertainty supports both assets whilst specific crypto regulatory developments influence short-term price action.

Cryptocurrency Market Dynamics

US stock markets responded positively to easing trade tensions between United States and EU over US claims to Greenland. President Trump announced agreement with NATO Secretary General Mark Rutte that could resemble existing 1951 deal, under which US can send unlimited troops to Greenland. Trump confirmed he would not impose previously threatened tariffs on eight European NATO nations, providing relief to markets concerned about trade war escalation. Broader US stock market continues posting gains following rebound, with crypto markets initially posting green candles yesterday before idling or drifting lower.

Crypto markets have in recent times mimicked stock market moves, often preceding them given always-open trading hours. Bitcoin hovering around $89,400, whilst Ethereum saw drawdown of more than 2%. Most other crypto assets similarly in red, with Fear and Greed Index slipping back into Fear territory, signalling lingering uncertainty. Industry predictions for Bitcoin in 2026 range widely from $75,000 to $225,000, reflecting substantial uncertainty about macroeconomic conditions, regulatory developments, and institutional adoption trajectory. Bitcoin's 6% decline in 2025 represents natural correction following 125% rally experienced in 2024, which likely priced in many positive impacts of Trump administration.

QUANTUM COMPUTING DEVELOPMENTS

D-Wave Announces Industry-First Scalability Breakthrough

D-Wave Quantum Inc. announced on January 7th, 2026, an industry-first breakthrough demonstrating scalable, on-chip cryogenic control for gate-model qubits, claiming to be the first in the industry to achieve this milestone. The breakthrough helps overcome a longstanding obstacle to building commercially viable and scalable gate-model quantum computers. Issue traditionally arises when adding qubits to quantum systems, which requires additional control lines, space, and material. D-Wave's solution reduces complexity, opening door for scalability similar to how modern CPUs or logic chips handle billions of transistors with only small number of connections from motherboard.

Trevor Lanting, D-Wave's chief development officer, explained: 'You can think of it as chip in your phone or laptop. The CPU has transistors in it, and there are billions in modern CPU or logic chip, but only small number of connections that go from motherboard and get information on and off chip.' The company has been intensively investing in this technology for decade and has now harnessed it for gate-model program. D-Wave's stock has increased by more than 200% over past year, trading near $31 on January 5th, up from less than $1 two years ago.

In earlier development, D-Wave announced on January 7th, 2026 that it entered merger agreement to acquire Quantum Circuits Inc. for $550 million, consisting of $300 million in D-Wave common stock and $250 million in cash. By combining world's leading annealing quantum computing company with leading developer of error-corrected gate-model technology, D-Wave positions itself as only company capable of addressing full quantum computing market opportunity with both industry-leading gate-model and annealing quantum computing technology. Acquisition accelerates D-Wave's roadmap, with initial dual-rail system planned to be generally available in 2026.

New Error-Correction Method Achieves Near-Theoretical Accuracy

New quantum error-correction method announced on January 6th, 2026 achieves near-theoretical accuracy and high computational efficiency, overcoming previous limitations that hindered large-scale quantum computing. In conventional quantum computer designs, built-in flaw caused information to trigger errors during computation, meaning some errors inevitably remained no matter how favourable conditions were. The research team developed a new mechanism that eliminates this source of error, successfully pushing the computational accuracy of quantum computing to almost the theoretical limit.

Major feature of both this new mechanism and newly developed error-correction method is speed. Traditional approaches require heavy computation to fix errors, making them impractical for quantum computers at large scale. With new method, however, time needed for error-correction computation barely increases even as number of components grows. By achieving both 'ultimate accuracy' and 'ultra-fast computational efficiency,' the team removed a major obstacle that has stood in the way of large-scale, practical quantum computers. Development significantly advances feasibility of practical, large-scale quantum computers by enabling error correction with minimal computational overhead as system size increases.

Microsoft and Atom Computing Target 2026 Error-Corrected Systems

Microsoft, in collaboration with startup Atom Computing, plans to deliver an error-corrected quantum computer to the Export and Investment Fund of Denmark and the Novo Nordisk Foundation in 2026. Delivery represents the achievement of level-two quantum computers in Microsoft's three-level framework, consisting of small machines that implement protocols robustly detecting and correcting qubit errors. Srinivas Prasad Sugasani, vice president of quantum at Microsoft, stated: 'We feel very excited about the year 2026, because lots of work that happened over the last few years is coming to fruition now.'

Both teams at QuEra and Atom Computing expect to put 100,000 atoms into single vacuum chamber within next few years, setting clear path toward third level of quantum computing featuring large-scale error-corrected machines containing hundreds of thousands or millions of qubits capable of millions of quantum operations with high fidelity. Neutral atom quantum computing promises error resilience, paving way for transformative scientific advancements and real-world applications. It may be no coincidence that both level-two quantum computers will be built from same types of qubits: neutral atoms.

Industry Consensus: Quantum Threat to Bitcoin Unlikely Before 2030

Prominent asset managers and blockchain developers concluded that quantum computers capable of breaking Bitcoin's cryptography remain unlikely before 2030 at earliest. Grayscale stated in its 2026 Digital Asset Outlook that quantum computing was unlikely to influence crypto prices in 2026 despite long-term security concerns. Firm cited estimates from DARPA's quantum benchmarking work suggesting cryptographically relevant quantum computers were still years away rather than imminent threat. According to 2017 paper by Microsoft researchers, attacker would need fault-tolerant quantum computer with roughly 2,330 logical qubits to break Bitcoin's 256-bit elliptic curve cryptography.

As of late 2025, most powerful machines are just crossing 1,500-qubit threshold. Because of error rates, approximately 1,000 physical qubits are currently needed to make just one logical qubit. Blockstream CEO Adam Back argued that quantum threat relevant to cryptography is likely 20 to 40 years away, rather than few years. However, more immediate threat has emerged: harvest-and-decrypt attacks. Adversaries are collecting encrypted data today with intention of decrypting it once quantum computers become sufficiently robust. Sean Ren, co-founder of Sahara AI, noted that bad actors are already collecting as much encrypted data as possible so that when technology is ready, all that archived data becomes readable.

Post-quantum cryptography algorithms already exist and are being standardised. National Institute of Standards and Technology finalised its selection of post-quantum cryptographic standards in 2024, including CRYSTALS-Kyber for key encapsulation and CRYSTALS-Dilithium for digital signatures. Several quantum-resistant cryptocurrencies are already in development, including Quantum Resistant Ledger which utilises hash-based signatures immune to anticipated quantum threats, and Algorand which adopts hybrid model combining traditional signatures with quantum-resistant alternatives.

Open Quantum Design Initiative Launches World's First Open-Source Quantum Computer

Researchers from University of Waterloo's Faculty of Science and Institute for Quantum Computing launched Open Quantum Design (OQD), non-profit organisation boasting world's first open-source, full stack quantum computer. Co-founded in 2024 by faculty members Crystal Senko, Rajibul Islam and Roger Melko, alongside CEO Greg Dick, the group helps reshape how quantum research is shared, opening doors for next generation of quantum scientists and seeding new quantum startups. 'We are offering shared hub where groups can contribute what they're comfortable sharing and, as non-profit, we can be transparent about real progress without commercial pressures,' Senko stated.

OQD counts more than 30 software contributors and dozens of laboratory collaborators, including Waterloo undergraduate students and co-op employees, and graduate and post-doctoral researchers. Initiative builds on eight years of computing hardware development at IQC, where Senko and Islam built a trapped-ion quantum computer, which is now part of OQD's open-source technology stack. Instead of onboarding individual users, OQD recruits organisational partners and has already penned agreements with University of Waterloo, Haiqu, Unitary Foundation and quantum hardware company Xanadu. Partners gain full access to stack and can participate in OQD's steering activities.

'Real hardware access is essential for developing and testing quantum algorithms,' Senko explained. 'OQD makes that access open, inviting broader participation and helping the community build faster on shared foundations instead of starting from scratch.' As quantum computers and the field of quantum information science advance, OQD offers a distinct third path alongside academic labs and startups, prioritising shared progress and open access to accelerate the field's development. The trapped-ion quantum computing community has a strong tradition of sharing designs and knowledge, which OQD scales through coordinated infrastructure and a partnership model.

GLOBAL REGULATORY UPDATES

EU and UK Implement Crypto-Asset Reporting Framework

From January 1st, 2026, crypto platforms operating in EU and UK must comply with OECD's Crypto-Asset Reporting Framework. Rules require platforms to automatically report users' account details and transaction data to tax authorities. All 27 European Union member states began collecting crypto asset data on January 1st under DAC8, EU's implementation of CARF, with plans to start exchanging information by September 30th, 2027. Total of 48 countries implemented CARF in 2026, including United Kingdom, Germany, France, Japan, South Korea, and Brazil.

Framework requires in-scope service providers to collect expanded customer data, determine and verify users' tax residency, and submit periodic reports to domestic tax authorities detailing reportable crypto-asset transactions. European Union introduced tax reporting directive requiring crypto exchanges and other intermediaries to provide detailed user and transaction data to national tax authorities. Crypto community raised significant privacy concerns, with some characterising initiatives as ending crypto privacy through automated government surveillance of digital assets. Automatic exchange of user account and transaction data creates new compliance burdens whilst addressing longstanding concerns about tax evasion in digital asset markets.

Shift from regulatory ambiguity to structured governance represents fundamental maturation of crypto regulation globally. Implementation challenges emerged as individual countries overcome issues in issuing stablecoins and complying with existing payments legislation. Financial institutions and cryptocurrency businesses must adopt real-time fraud and mule detection systems, whilst enhanced detection tools help victims protect themselves. Cross-border law enforcement coordination facilitates rapid fund tracing and freezing, disrupting financial flows and making it harder to cash out illicit proceeds.

MiCA Implementation Continues Across EU Member States

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Europe's Markets in Crypto-Assets Regulation continued its operational rollout across all 27 member states throughout early 2026. MiCA, which became fully effective in December 2024, represents first comprehensive, harmonised regulatory regime for digital assets. Regulation implemented two-phase approach, with stablecoin provisions covering Asset-Referenced Tokens and E-Money Tokens effective from June 30, 2024, followed by crypto-asset service provider licensing requirements from December 30, 2024.

MiCA requires 1:1 reserve backing for stablecoins, mandatory audits, comprehensive AML/KYC compliance, and market abuse prevention measures. European Securities and Markets Authority oversees enforcement alongside national competent authorities. Implementation encountered technical challenges as individual countries overcame issues in issuing stablecoins and complying with existing payments legislation. Several MiCA-compliant stablecoins were announced in 2024 and early 2025, including Circle's first European offering. Regulatory framework provides legal certainty whilst imposing operational requirements that smaller players may struggle to meet.

Emerging Market Regulatory Developments

Hong Kong's Securities and Futures Commission announced on January 5th, 2026 that it would work with Financial Services and Treasury Bureau to advance legislative proposals formally establishing regulatory framework for cryptoasset dealers and custodians. Under planned framework, cryptoasset dealers will be regulated consistently with existing securities dealers, whilst custodian oversight will focus on adequately safeguarding investors' funds and private keys. SFC encouraged custodians and dealers to approach agency for pre-application discussions whilst legislation advances.

Japanese Finance Minister Satsuki Katayama declared in January 5th address at Tokyo Stock Exchange that 2026 will be digital year in which government aims to promote technological innovation among existing stock and commodity exchanges. Minister stated that regulated exchanges like Tokyo Stock Exchange will serve as primary gateway for most investors to access cryptoassets and related products, such as crypto-linked exchange-traded funds. Japanese government announced proposals to lower capital gains tax on cryptoasset disposals from 55% to 20%, move that would significantly encourage investor engagement with asset class.

Uzbekistan adopted special legal framework allowing use of stablecoins as means of payment, marking significant progress in Central Asian digital asset regulation. Turkmenistan implemented 'Virtual Assets' law that legalises mining activities, crypto exchanges, and exchange services. These legislative updates reflect growing government attention to regulating cryptocurrency market and fostering development of regulatory frameworks for digital assets. Emerging markets increasingly view digital asset frameworks as competitive advantage for attracting investment and innovation.

LOOKING AHEAD & WHAT TO EXPECT IN 2026

Critical Dates and Regulatory Milestones

January 27th, 2026 marks Senate Agriculture Committee's scheduled markup of CLARITY Act's CFTC-related portions, representing crucial milestone after Banking Committee postponement. If Agriculture Committee advances its version, momentum could pressure Banking Committee to reschedule its markup and resolve stablecoin yield controversies. Industry sources suggest bipartisan support remains viable despite Coinbase opposition, particularly given White House pressure for passage before November 2026 midterms. Success or failure of January 27th markup will significantly influence legislative trajectory and determine whether comprehensive crypto market structure legislation passes in first half of 2026.

July 18th, 2026 represents GENIUS Act implementation deadline, requiring regulators to finalise rules covering issuer licensing, capital requirements, custody standards, and anti-money laundering provisions. Additional regulations will substantially impact stablecoin market structure, potentially creating surge in institutional adoption if clarity is achieved or fragmentation if banking and crypto interests cannot reconcile yield restriction disputes. Process has already become contentious with banks demanding closure of yield 'loopholes' and crypto industry fighting back to preserve carefully negotiated compromises.

August 2026 marks completion of CFTC's 12-month 'crypto sprint' focused on spot crypto trading, allowing use of tokenised collateral in derivatives markets, and tweaking regulations to enable use of blockchain technology in US markets. CFTC Chair Caroline Pham has already made progress on first two items, with final tokenisation and blockchain integration initiatives targeted for August completion. Representative Max Miller filed draft bill called Parity Act on December 20, 2025, seeking to establish de minimus exemption for stablecoins (spending $5 on latte doesn't trigger taxable event) and prevent crypto lending from being treated as taxable selling. Miller believes Congress can pass version of his bill 'by hopefully next August.'

Market Structure and Institutional Adoption

Bitcoin's compressed Bollinger Bands historically precede significant price swings, suggesting January consolidation may resolve into substantial directional move in February or March 2026. Technical setup combined with extreme fear sentiment readings (Fear & Greed Index at 20) creates potential contrarian opportunity for longer-term investors, particularly given continued institutional inflows exceeding $1.9 billion in first week of January alone. However, regulatory uncertainty around CLARITY Act passage, potential government funding deadlines, and macroeconomic factors, including Federal Reserve policy trajectory, introduce substantial uncertainty to near-term price action.

Institutional adoption trajectory depends heavily on regulatory clarity. Coinbase institutional strategy chief John D'Agostino emphasised that market structure legislation represents foundational infrastructure for crypto's growth, noting that clarity allows 'institutions outside of cryptonative who are less comfortable with taking idiosyncratic regulatory risk to feel very confident engaging their customers on blockchain or crypto platform.' GENIUS Act's success demonstrated that comprehensive regulatory clarity unlocks institutional adoption, with major financial institutions including JPMorgan and Citigroup entering stablecoin market whilst companies with strong consumer ecosystems experiment with branded payment tokens.

DeFi proponents secured significant protections for non-custodial software developers from prosecution under money transmission laws, representing partial victory despite yield restrictions. Tornado Cash co-founder Roman Storm's conviction highlighted enforcement risks that new legislation aims to clarify. Clean markup yielding bipartisan manager's amendment would create path to 60 floor votes, though staff expect aggressive amendments on DeFi custody, sanctions enforcement, and crypto-native stablecoin rewards in retirement accounts.

Quantum Computing Transition to Commercial Deployment

2026 marks quantum computing's transition year from research toward early deployment. Multiple companies including D-Wave, Microsoft/Atom Computing, and neutral atom players plan to deliver error-corrected or commercially viable quantum systems in 2026, representing achievement of level-two systems in various quantum computing frameworks. Governments will double down on quantum procurement with surge of orders focused on fault-tolerant quantum computers and benchmarking initiatives across public labs and national research centres. Clear push toward accelerated algorithm development and tech sovereignty in quantum capabilities.

Industry moving toward improving coherence, connectivity, and overall system reliability rather than simply adding qubits. Increasing efforts made in grouping and controlling physical qubits to minimise errors and create more stable computation. Focus on more holistic system where hardware manufacturers work closely with software teams, algorithm developers, and ecosystem partners on full-stack solutions rather than isolated quantum chips. Diverse qubit modalities and quantum hardware platforms continue development, with some tenuous modalities including topological qubits likely to be abandoned by end of 2026.

Post-quantum cryptography implementation becomes urgent priority as harvest-and-decrypt threats materialise. Though cryptographically relevant quantum computers remain unlikely before 2030, adversaries collecting encrypted data today for future decryption creates immediate compliance pressure. Regulatory environment catching up, with governments and industry bodies likely to publish firmer standards around quantum-safe cryptography, setting clearer timelines for compliance and requiring more rigorous quantum risk assessments. Blockchain projects must accelerate quantum-resistant protocol development to protect long-term value propositions.

Cybersecurity Investment and Compliance Requirements

Crypto-native firms must budget 15-25% of operating costs for compliance infrastructure in 2026-2027, including personnel, technology, legal, and audit expenses. Those unable or unwilling to make these investments should consider strategic exits or consolidation. Market will reward firms that proactively engage regulators and demonstrate compliance leadership, whilst punishing those resisting adaptation or failing to secure regulatory clarity for their business models. Real-time fraud and mule detection systems become essential infrastructure rather than optional enhancement.

Enhanced cross-border law enforcement coordination critical for disrupting industrial-scale scam operations. International support for capacity building and technical assistance needed to strengthen institutions and enforcement in low-capacity jurisdictions where forced labour compounds operate. As scammers adopt multiple tactics and technologies simultaneously, convergence of scam methodologies expected throughout 2026. AI-powered deepfake operations will continue proliferating, requiring sophisticated detection systems and user education programmes to prevent victim harm.

Platforms must implement comprehensive AML/KYC compliance meeting both traditional financial standards and emerging crypto-specific requirements. Tax reporting frameworks under CARF create new compliance burdens whilst eliminating privacy that characterised early crypto ecosystem. Firms operating across multiple jurisdictions face complex matrix of requirements spanning US GENIUS Act implementation, EU MiCA compliance, UK Financial Services and Markets Act crypto regime, and various Asian regulatory frameworks. Strategic firms will invest in unified compliance infrastructure rather than jurisdiction-by-jurisdiction patchwork approaches.

UPCOMING EVENTS & INDUSTRY ENGAGEMENT

The first quarter of 2026 features a concentrated calendar of high-profile events providing opportunities for industry dialogue with policymakers, regulators, and institutional participants.

The Tokenization Summit (TOK26) - January 29th, 2026, London

The Tokenisation Summit returns to London on January 29th, coinciding with the FCA's authorisations webinar. The summit brings together leading policymakers, regulators, institutional investors, and digital finance innovators shaping the next phase of Real-World Asset tokenisation. This year's agenda explores the economic, regulatory, and technological evolution of tokenisation, with particular emphasis on scaling adoption across both traditional and digital financial systems.

Digital Assets Forum - February 5-6, 2026, London

Digital Assets Forum returns on February 5-6, 2026, positioning itself as the trusted platform where allocators, asset managers, banks, and policymakers connect to drive actual deals, mandates, and partnerships. A core focus of this year's event is the comparative analysis of the UK and US policy and regulatory landscapes. The forum emphasises facilitating concrete business relationships, with structured opportunities for institutional allocators to engage with asset managers and for policymakers to receive direct industry feedback.

‍

📊 CONVERGENCE & AWARDS 2026 📊

‍‍

IMPORTANT ANNOUNCEMENT

CONV3RGENCE & The Digital Commonwealth Awards 2026 Mansion House, London‍

New Date: Wednesday, 22nd April 2026

‍Previous Date: Thursday, 23rd April 2026

Due to venue scheduling requirements at Mansion House, we have moved the event forward by one day. Sincere apologies for any inconvenience this may cause, and we appreciate your understanding and flexibility.

Excited to welcome you to Mansion House in three months

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Smarter Faster Payments 2026 - April 26-29, 2026, San Diego

Nacha's Smarter Faster Payments 2026 features a new dedicated stablecoin track, reflecting the industry's recognition that stablecoins represent a fundamental shift in payment infrastructure. The conference features 130 sessions across 11 tracks, with panels examining how stablecoins bridge the gap between digital payments and traditional assets. Industry leaders characterise the stablecoin movement as similar to where instant payments were six or seven years ago, with opportunities for financial institutions of all sizes to serve as stablecoin custodians or issue stablecoins under their own brand.

FT Digital Assets Summit - May 13-14, 2026, London

The Financial Times Digital Assets Summit returns in May 2026 as the leading forum for institutional leaders, innovators, and investors exploring the convergence of crypto, blockchain, and mainstream finance. The summit's timing in mid-May positions it strategically, as the UK's consultation responses will have been published and the FCA's final rules may be emerging, allowing for substantive discussion of regulatory implementation challenges, compliance approaches, and business model adaptations.

Key Regulatory Milestones to Watch in 2026

Several regulatory developments will shape the 2026 landscape:

Late January 2026: Senate Banking Committee markup vote on CLARITY Act following delay from January 15th.

Q1 2026: FDIC proposes prudential standards for bank stablecoin issuers under the GENIUS Act. Q1 2026: Federal Reserve finalises stablecoin capital and liquidity requirements.

March 2026: UK-US Transatlantic Taskforce delivers recommendations on regulatory coordination. Q2 2026: UK FCA publishes final crypto regulatory rules following February 12th consultation deadline.

Mid-2026: Full implementation of the GENIUS Act with regulators finalising rules by July 18, 2026.

Q2-Q3 2026: SEC Crypto Task Force issues comprehensive digital asset framework proposals including innovation exemption.

Q3-Q4 2026: Major bank stablecoin launches under preliminary GENIUS Act guidance.

Q4 2026: UK firms begin compliance preparation for October 2027 implementation.

November 2026: US midterm elections potentially reshaping Congressional composition and affecting crypto legislation momentum. Throughout 2026: State-level regulatory fragmentation increases, creating compliance complexity.

Additionally, expect Congressional hearings on stablecoin competition (domestic issuers versus Tether/Circle), crypto taxation reform proposals, and potential legislation addressing DeFi regulatory gaps. The 2026 US election cycle may inject political volatility into crypto policy, with differing approaches between administrations potentially affecting regulatory timelines.

CONCLUSION

The third full week of 2026 demonstrates digital asset ecosystem navigating critical inflection points across regulation, security, and technology. The CLARITY Act's postponement following Coinbase withdrawal exposes fundamental tensions between innovation incentives and financial stability concerns as traditional banking mobilises against stablecoin competition. Yet momentum remains strong with Senate Agriculture Committee scheduled markup on January 27th and White House adviser confirming 'There will be a crypto market structure bill---it's a question of when, not if.' The stablecoin yield controversy represents broader maturation process where digital assets integrate with traditional finance through negotiated compromises rather than wholesale disruption.

Cybersecurity threats reached unprecedented industrial scale with 2025 losses exceeding $4.04 billion, representing 34.2% increase from 2024 and demonstrating growing sophistication of attacks. AI-powered deepfake scams exploded 700% year-over-year, with operations extracting 4.5 times more money than traditional schemes. Prince Group Transnational Criminal Organisation's $15 billion confiscation and Chen's arrest in Cambodia highlight both improved law enforcement capabilities and complex geopolitical jurisdictional challenges. The transition from amateur fraud operations to industrial-scale enterprises operating from forced labour compounds demands a multi-pronged response, including real-time detection systems, enhanced cross-border coordination, and international capacity building.

Quantum computing advances accelerate toward commercial viability with D-Wave's industry-first scalability breakthrough, Microsoft/Atom Computing's error-corrected system delivery plans, and new quantum error-correction methods achieving near-theoretical accuracy. The transition from level-one research systems toward level-two error-corrected commercial deployments signals 2026 as quantum's transition year. Whilst cryptographically relevant quantum computers remain unlikely before 2030, harvest-and-decrypt threats create immediate pressure for post-quantum cryptography implementation. Open Quantum Design's launch of world's first open-source full-stack quantum computer democratises access whilst accelerating collaborative development.

Davos 2026 marked decisive shift from treating crypto as outsider requesting permission toward integrating digital assets as foundational infrastructure requiring governance and system design. Conversations evolved from existential questions toward operational implementation challenges around tokenised asset settlement standards and jurisdictional frameworks. Tokenisation discussions moved beyond buzzwords toward inevitable market plumbing refactoring, whilst competing stablecoin-first versus CBDC-first models crystallised digital money's emergence as geopolitical asset. The regulatory transition from ambiguity toward licensing regimes, continuous supervision, and infrastructure-focused guardrails reflects fundamental maturation.

Market dynamics reflect consolidation phase with Bitcoin trading near $90,000 in compressed volatility range historically preceding significant moves. Extreme fear sentiment readings (Fear & Greed Index at 20) contrast with continued institutional inflows exceeding $1.9 billion in first week of January, suggesting contrarian opportunity for longer-term investors despite short-term uncertainty. Gold's record highs above $4,900 per ounce alongside Bitcoin consolidation highlights flight-to-safety dynamics across traditional and digital assets. US-EU trade tensions eased around Greenland agreements, providing macro relief whilst crypto-specific regulatory developments dominate near-term price action.

For market participants, 2026 demands proactive engagement across multiple dimensions. US institutions must prepare for potential CLARITY Act passage whilst monitoring GENIUS Act July 18th implementation deadline. UK firms must prioritise FCA consultation responses and begin authorisation planning for October 2027 go-live. EU entities navigate MiCA operational rollout whilst complying with CARF tax reporting frameworks. Emerging markets including Hong Kong, Japan, Uzbekistan, and Turkmenistan establish competitive digital asset frameworks.

Firms unable to invest 15-25% of operating costs in compliance infrastructure should consider strategic exits or consolidation. Winners will be those balancing innovation with compliance, investing in regulatory readiness, and helping shape emerging frameworks through constructive engagement. Enhanced cybersecurity measures, quantum-resistant cryptography research, and comprehensive tax reporting compliance become table stakes rather than competitive advantages. The organisations that succeed will treat regulatory clarity as foundational infrastructure enabling institutional adoption rather than burdensome constraint limiting innovation.

The overarching theme for 2026 is decisive transition from regulatory debate toward implementation execution. Questions no longer centre on whether digital assets will integrate with traditional finance---that integration is underway. Instead, focus shifts to timing, implementation quality, and distribution of winners and losers as ecosystem matures. The passage from regulatory adolescence to structured governance is not the end of crypto's disruptive potential. It marks the beginning of the transformation into an infrastructure that will reshape global finance for decades to come. Those who adapt quickly, invest in compliance, and help shape emerging regulatory standards will thrive. Those who resist adaptation or fail to secure regulatory clarity face obsolescence.

Links to this week’s Daily Brief

In partnership with BCB Group, KULA, TPX, Vault12, Wincent and World Mobile

Monday, 19th January 2026 https://www.thedigitalcommonwealth.com/posts/thedcwdailybrief-190126

Tuesday, 20th January 2026 https://www.thedigitalcommonwealth.com/posts/thedcwdailybrief-200126

Wednesday, 21st January 2026 https://www.thedigitalcommonwealth.com/posts/thedcwdailybrief-210126

Thursday, 22nd January 2026 https://www.thedigitalcommonwealth.com/posts/thedcwdailybrief-220126

Friday, 23rd January 2026 https://www.thedigitalcommonwealth.com/posts/thedcwdailybrief-230126

📊 DCW RESEARCH📊

DCW Frontier Focus supported by Quantum Fort https://www.thedigitalcommonwealth.com/posts/dcw-frontier-focus-edition-9

DCW The Digital Economist Weekly

https://www.thedigitalcommonwealth.com/posts/world-liquidity-and-the-digital-imperative

DCW Research Congressional Cryptocurrency Legislation Stalls Amid Industry and Banking Conflicts

https://www.thedigitalcommonwealth.com/posts/congressional-cryptocurrency-legislation-stalls-amid-industry-and-banking-conflicts

📋 Important 🛡️ Notices ⚠️

Educational Content Only

This newsletter offers educational insights into developments in digital assets, regulation, and financial markets. It is not intended as investment advice, financial advice, or a recommendation to buy, sell, or hold any cryptoassets or financial instruments.

Cryptoasset Risk Warnings

Cryptoassets are largely unregulated in the UK. You may not be protected by the Financial Services Compensation Scheme or the Financial Ombudsman Service if something goes wrong. The value of cryptoassets can go down as well as up, and you could lose all the money you invest. Tax treatment depends on individual circumstances and may change.

No Professional Relationship

By reading this newsletter, you acknowledge that no professional, advisory, or fiduciary relationship is created between you and the authors or publishers. This information should not be relied upon as a substitute for consultation with qualified professionals in legal, financial, security, or other relevant fields.

Accuracy and Currency

While we endeavour to ensure accuracy, the information provided may not be current, complete, or applicable to your specific circumstances. Regulatory requirements and market conditions evolve rapidly. You should conduct your own research and seek professional advice before taking any action based on this information.

Date of Publication: January 23rd, 2026

Edited by EAJW © 2026 DCW Weekly Digest. All rights reserved.

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