Crypto Exchange Upbit’s Parent Company Prevents Staff, Families From Trading

Dunamu, the South Korean company that runs the Upbit exchange, has been prohibiting family members of its executives and employees from trading cryptocurrencies since August, according to local media reports.

The report on Tuesday says that the measure is being implemented as part of an effort to promote ethical management in the crypto industry.

To fulfill its social responsibility, Dunamu expanded the ban to include the families of its executives and employees, which was previously limited to its staff and employees.

In September 2021, the government revised the law to restrict cryptocurrency trading by crypto companies, as well as their executives and staff. This was done to increase transparency and protect users from being harmed due to cryptocurrency price manipulation.

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