South Korean exchange Korbit to monitor accounts of employees, family members

Korbit speech announced plans to show the accounts of its employees and their household members successful a bid to amended interior power standards, according to section media reports.

News 1 Korea reported the announcement and said that the further monitoring of household members was not mandatory successful the state for now.

Korbit CEO Oh Se-Jin said the extended monitoring is portion of efforts to bring the exchange’s interior power standards to the level of accepted finance, according to the report.

Executives and employees of crypto exchanges are legally prohibited from trading connected the speech they enactment for based connected South Korea’s Enforcement Decree of the Specified Financial Information Special Act.

In compliance with the Act, Korbit said it volition restrict its employees from trading connected the level and that provisions person been made to power the accounts of employees’ families arsenic well.

The station South Korean speech Korbit to show accounts of employees, household members appeared archetypal connected CryptoSlate.