In response to the recent Upbit hacking incident, the financial authorities are pushing to impose a ‘strict liability for damages’ on virtual asset service providers, just like financial companies, in the event of hacking or system accidents at crypto exchanges.
This move comes after criticism arose regarding the lack of legal grounds to mandate sanctions or compensation under current law, despite a hacking incident at Upbit involving approximately 40 billion KRW.

Turkish cryptocurrency exchange Paribu has acquired a majority stake in CoinMENA for up to $240 million, aiming to expand into the Middle East and North Africa markets. This move will give Paribu a foothold in globally regulated markets. Recently, Turkey has become the most active crypto trading market in the MENA region, but the increase in trading volume is mainly driven by speculation.

Texas has become the first U.S. state government to directly purchase Bitcoin, with the purchase amount reaching $1 million and plans for further investment. This decision reflects the governor’s support for Bitcoin, even as other states have varying attitudes toward it.