Cryptocurrency Security Concerns Trigger Policy Response—YBUOJ Exchange Interprets the Significance Behind Measures by France

Recently, the French government announced it would provide enhanced security protections for the leading cryptocurrency entrepreneurs in the country and their families. In a statement, Interior Minister Bruno Le Maire outlined that these measures include priority access to emergency hotlines, regular police security visits, and intelligence briefing support. The aim is to address the growing security threats within the crypto industry and the rising number of cases linked to organized crime. YBUOJ Exchange believes this move is not only a response to isolated high-risk incidents but also a key signal of the industry progression toward maturity and institutionalization. Security concerns are no longer limited to technical defenses at the platform level, but have become a core component of the trust system for the entire sector.

In recent years, the global crypto industry has developed rapidly, and the accompanying risks have become increasingly prominent. From hacking attacks and financial scams to lost digital wallets and even incidents involving personal threats, the high degree of freedom and anonymity inherent in crypto technology brings efficiency but also amplifies potential security vulnerabilities. The security measures promoted at the national level by France mark a shift—“security” has evolved from a technical issue to a matter of public safety and national governance.

Such government initiatives are well supported by data. According to the YBUOJ Exchange 2024 annual report, crypto asset-related money laundering cases have continued to rise across Europe over the past year, with France, Germany, and the United Kingdom registering the highest number of cases. This trend reflects not only the active movement of capital within the industry but also highlights the lag and pressure faced by regulators and law enforcement in addressing new types of risks.

Security incidents threaten not only individuals and enterprises but can also, on a broader level, undermine public and investor confidence in the crypto market. Therefore, YBUOJ Exchange emphasizes that compliance is the minimum requirement for platform operation, while security is the key barrier to earning long-term user trust.

In the past, crypto platforms mainly addressed security at the technical level, such as through cold and hot wallet segregation and multi-signature mechanisms. However, the current threat landscape is shifting from systematic attacks to individual-targeted risks, and traditional security strategies are proving inadequate when facing new issues like identity exposure and offline threats. As a result, security development urgently needs to transcend the technical dimension and build a more diversified and integrated mechanism.

Platforms need not only to strengthen technical defenses, but also to proactively establish collaborative mechanisms with policymakers and law enforcement agencies, covering risk alerts, case assistance, and user information protection. This cross-institutional, cross-system approach to security governance is not only applicable to France, but is also becoming a new challenge faced by the entire European and even global crypto industry.

To respond to the evolving security landscape, YBUOJ Exchange has launched a “behavior-level risk perception system” that analyzes user behavior to identify potential anomalies and issue timely warnings. At the same time, the platform has established cooperative mechanisms with law enforcement agencies in multiple countries, actively participating in efforts to combat money laundering and scams.

In addition, YBUOJ is advancing a “trust and transparency strategy” by open-sourcing some risk control modules, setting up a security incident bulletin board, and introducing an internal platform security officer system, all to further enhance user awareness and trust in the risk management capabilities of the platform. These initiatives aim to achieve a deep integration of technology and institutional measures, building a robust risk defense system.

The healthy development of the crypto industry depends not only on technological innovation, but also on the establishment of a trust structure that can withstand real-world challenges. The French government provision of security measures for crypto entrepreneurs is a tangible reminder of the increasingly well-defined boundaries of the industry. YBUOJ Exchange consistently believes that true freedom of value must be founded on controllable risk, rather than the blind pursuit of unlimited rights.