BINANCE employees, with the exception of the personnel included in the listing teams, are allowed to invest up to $ 5,000 in cryptocurrencies annually, including operations on their own company platform. This was announced on the social network X Chinese crypto -journalist and analyst Colin Wu (Colin Wu).
The initiator of the changes was the former general director of the exchange Changpeng Zhao. In February, he published a tweet where Putthat strict corporate rules have isolated exchange employees from current market trends, which complicates the adoption of reasonable decisions and synchronization with the company’s strategy.
In response, the Binance administration decided to revise its approach and find a balance between employees’ involvement and compliance with regulatory requirements. At the same time, strict restrictions are still preserved for the listing teams to exclude any possibility of using official information in insider trade.
Binance Offers A remuneration of $ 100,000 to $ 5 million to all users who will tell reliable information about abuse and fraudulent behavior of its employees. Binance noted that the exchange department in constant mode is monitoring and has the right to hold all involved in such activities.
Source: Bits
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