Bithumb, a major South Korean cryptocurrency exchange, has banned its employees from trading on its platform. This move will strengthen internal regulation to enhance transaction transparency on Bithumb exchange.
Bithumb said it would completely ban its employee’s trading account on its platform by the end of this month. As a part of this measure, staff members already sent a written statement regarding account withdrawals last month. Additionally, they will implement a continuous monitoring system, self-audits, and an internal reporting system operation.
“From this month on, we will strictly manage whether or not employees comply with the regulations through continuous monitoring, self-audit, and internal reporting system operation,” said Bithumb.
In the latest report, Company already has other restrictions imposed on its employees, it said. These include prohibiting them from trading during work hours and from buying new cryptocurrencies within three days of their listing on the exchange.