Upbit Bans Employee Virtual Asset Trading to Prevent Insider Trading
CryptoNewsTerminal Staff17 Jul, 2024
Upbit Bans Employee Virtual Asset Trading to Prevent Insider Trading
South Korean cryptocurrency exchange Upbit has released its "2023 Upbit Transparency Report" to address concerns about insider trading and other unfair practices. The report outlines the exchange's efforts to prevent employees and their immediate family members from using undisclosed material non-public information to gain an unfair advantage in virtual asset trading. The report also details Upbit's efforts to prohibit price manipulation, unfair trading practices, and improve its customer risk assessment system (KYC). The exchange emphasizes its commitment to protecting customer information and ensuring fair and transparent trading practices.
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