South Korean lawmakers are set to introduce stricter regulations for cryptocurrency exchanges following Bithumb's $40 billion Bitcoin giveaway blunder. The incident, which occurred on February 6, involved a Bithumb official mistakenly issuing Bitcoin to 249 customers instead of the intended $423 in Korean won. This has prompted the Financial Supervisory Service to extend its investigation into Bithumb until the end of February. The Democratic Party’s Digital Asset Taskforce is preparing to meet on February 24 to discuss new regulatory measures. These are expected to align crypto exchanges with traditional financial sector standards, including liability rules and enhanced IT controls. The proposed regulations may also include stablecoin issuance rules and require exchanges to hold more financial reserves to cover potential losses from hacks or errors. Lawmakers aim to expedite legislation to ensure exchanges meet the same standards as financial institutions.