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Veterans minister Johnny Mercer has been told he faces going to prison if he does not reveal the names of those who told him of alleged murders carried out by special forces in Afghanistan.

Sir Charles Haddon-Cave, the chairman of the Afghanistan Inquiry, has given the MP for Plymouth until 5 April to provide a witness statement with the names of those in question.

Mr Mercer has repeatedly refused to hand over the names of “multiple officers” who have told him of allegations of murder and a cover-up in Afghanistan, saying he was not willing to compromise his “integrity”.

The Afghanistan inquiry was launched in 2022 to investigate allegations of wrongdoing by the British Armed Forces during deliberate detention operations in the country between 2010 and 2013.

Mr Mercer gave evidence to the inquiry last month when he revealed “multiple officers” had told him about allegations of murder and the subsequent cover-up during his time as a backbench MP.

The minister told counsel to the inquiry Oliver Glasgow KC last month: “The one thing you can hold on to is your integrity and I will be doing that with these individuals.”

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More on Afghanistan

But during his evidence to the probe last month, Sir Charles told Mr Mercer his decision to “refuse to answer legitimate questions… at a public inquiry” were “disappointing… surprising… and completely unacceptable”.

The inquiry pointed out that Mr Mercer was served with a Section 21 notice on 13 March, which compels him to hand over the names. The inquiry has insisted will be “treated in confidence” but that a failure to comply without reasonable excuse would be “a criminal offence punishable with imprisonment and/or a fine.”

Sir Charles also said the High Court could enforce the order through contempt of court proceedings, which “may result in imprisonment”.

Policy of executions

The inquiry is examining whether a special forces unit, known as UKSF1, had a policy of executing males of “fighting age” who posed no threat in Afghanistan between 2010 and 2013.

Afghan families have accused UK special forces of conducting a “campaign of murder” against civilians and that senior officers and personnel at the Ministry of Defence “sought to prevent adequate investigation”.

A British soldier is silhouetted as he walks with his machine gun on a roof top of a residential house in the village Qari Sahib, Nad Ali district, Helmend province, southern Afghanistan, Monday, Feb. 15, 2010 (AP Photo/Altaf Qadri)
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Afghan families have accused UK special forces of conducting a ‘campaign of murder’ against civilians. Pic: AP

Sir Charles has also told Mr Mercer that if he believed it unreasonable for him to hand over the names, or if he was unable to comply with the order, he would have to make submissions in writing by 3 April.

‘Wall of silence’

He previously told Mr Mercer: “You need to decide which side you are really on, Mr Mercer.

“Is it assisting the inquiry fully… and the public interest and the national interest in getting to the truth of these allegations quickly, for everyone’s sake, or being part of what is, in effect … a wall of silence – and this wall of silence is obstructing the inquiry and access to the truth.

“And doing so because of, if I may say so, a misguided understanding of the term integrity and an inappropriate sense of loyalty.”

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Two Royal Military Police investigations, codenamed Operation Northmoor and Operation Cestro, are due to be examined at the inquiry.

Operation Northmoor was a £10m investigation that was established in 2014 to examine allegations of executions by special forces, including those of children.

No charges were brought under the investigation.

Operation Cestro brought about the referral of three soldiers to the Service Prosecuting Authority, but none of them were prosecuted.

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Wemade rallies partners for KRW stablecoin push after years of setbacks

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Wemade rallies partners for KRW stablecoin push after years of setbacks

Blockchain gaming company Wemade is pushing for a Korean won-based stablecoin ecosystem, forming a Global Alliance for KRW Stablecoins (GAKS) with Chainalysis, CertiK and SentBe as founding partners. 

Wemade announced that the alliance will support StableNet, a dedicated mainnet for Korean won-backed stablecoins, with publicly released code and a consortium model that aims to meet institutional and regulatory requirements. 

Within the partnership, Chainalysis will integrate threat detection and real-time monitoring, while CertiK will handle node validation and security audits. 

Money transfer company SentBe will contribute licensed remittance infrastructure across 174 countries. This allows the KRW stablecoin initiative to operate within South Korea’s regulated digital asset ecosystem. 

The launch marks a coordinated effort from Wemade to reposition itself as a long-term infrastructure builder after years of setbacks, including token delistings and a bridge hack that undermined investor confidence. 

Source: Wemix

Wemade’s rocky road and stablecoin pivot

Wemade’s push into stablecoin infrastructure follows a turbulent seven-year expansion from a traditional gaming studio into one of South Korea’s most ambitious blockchain builders. 

The company launched its blockchain division in 2018 and expanded it from a four-employee team into a 200-person operation. Still, the rapid growth collided with the country’s evolving regulatory landscape, forcing the company to limit its play-to-earn (P2E) offerings to overseas markets. 

Much of the pressure faced by Wemade centered on its native WEMIX token. In 2022, South Korean exchanges delisted the asset, citing discrepancies between its reported and actual supply. This resulted in a price drop of over 70% for the token. 

The token suffered another major blow in 2024, when a bridge exploit resulted in 9 billion won (about $6 million) in losses. The company’s delayed disclosure attracted scrutiny and eroded further investor trust, leading to a second wave of token delistings. 

The stablecoin pivot marks another attempt from Wemade to reset the narrative around the company and reposition its technology toward a more compliant and infrastructure-focused use case. 

In a Korea Times report, the company said that it’s developing a KRW-focused stablecoin mainnet while avoiding becoming the stablecoin issuer itself. It’s positioning itself as a technology partner and consortium builder for other South Korean companies. 

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South Korea’s post-Terra regulatory landscape

The Terra collapse in 2022 continues to cast a shadow over South Korea’s digital asset policy, leaving lawmakers and regulators particularly sensitive to risks associated with stablecoins. 

The Financial Services Commission (FSC) and the Bank of Korea (BOK) have taken uncompromising stances since 2022, pushing for stricter liquidity, oversight and disclosure rules as they work on an upcoming stablecoin framework focused on risk-cointainment. 

The central bank also advocated giving banks a leading role in stablecoin issuance, helping to mitigate risks to financial and foreign exchange stability.

The BOK warned that allowing non-banking institutions to take the lead in stablecoin issuance could undermine existing regulations.