• News
    • Bitcoin
    • Altcoins
  • NFT
  • Metaverse
  • Analysis
  • Regulation
  • Learn
  • Market Cap
What's Hot

Coinbase receives Wells notice from SEC

2023-03-22

Woman Allegedly Involved in $4,000,000,000 ‘OneCoin’ Scheme Hit With Fraud Charges by the DOJ

2023-03-22

Coinbase Says US Banking Crisis Reinforcing Crypto Assets to the Upside, Catching Attention of Institutions

2023-03-22
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
Facebook TikTok Instagram YouTube
CryptoNewsMetaverse
  • News
    • Bitcoin
    • Altcoins
  • NFT

    U.S. IRS Considers Taxing NFTs Like Other Collectibles

    2023-03-21

    Meta Shuts Down NFT Project to Focus on FinTech and Content

    2023-03-14

    Solana’s Solend V2 Release, Is SOL Price $50 Next?

    2023-03-06

    Amazon NFT Marketplace To Reportedly Launch Next Month

    2023-03-06

    Blur Coin Under Fire As Allegations Of Wash Trading Emerge

    2023-03-01
  • Metaverse

    Exploring the Metaverse: A Guide to Investing in Metaverse Stocks

    2023-03-20

    A Guide to Virtual Land Staking in the Metaverse

    2023-03-20

    Nissan Doubles Down on Web3 Innovation

    2023-03-13

    As Fashion Moves into the Metaverse, What Other Industries Could Be Next

    2023-03-13

    South Korea Launches New ‘Metaverse Fund’

    2023-03-13
  • Analysis

    DOJ Officially Seizes Over $456,000,000 Worth of Robinhood Shares Tied to FTX Founder Sam Bankman-Fried

    2023-01-08

    Mark Cuban Makes Prediction on Next Crypto ‘Scandal,’ Warns of Potential Implosion if Exposed: Report

    2023-01-08

    Binance Listings Cause Crypto Assets To Spike an Average of 41%: New Research

    2023-01-08

    Bitcoin Whales Unloaded BTC As Market Reversed and Parked Their Profits in This Crypto Asset Class: Santiment

    2023-01-07

    Crypto Analyst Predicts Breakout for AI-Focused Altcoin, Updates Outlook on Ethereum and Lido DAO

    2023-01-07
  • Regulation

    Coinbase receives Wells notice from SEC

    2023-03-22

    Woman Allegedly Involved in $4,000,000,000 ‘OneCoin’ Scheme Hit With Fraud Charges by the DOJ

    2023-03-22

    Coinbase Says US Banking Crisis Reinforcing Crypto Assets to the Upside, Catching Attention of Institutions

    2023-03-22

    BitMEX Outlines Three Scenarios for Crypto This Year, Says Market Recovery a Likely Outcome

    2023-03-22

    OneCoin associate Irina Dilkinska charged following US extradition

    2023-03-21
  • Learn

    Chart Patterns Cheat Sheet For Technical Analysis

    2023-03-21

    Best NFT Wallets in 2023

    2023-03-21

    What are Dapps (Decentralized Applications) Crypto?

    2023-03-17

    How to Short Sell Bitcoin

    2023-03-17

    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    2023-03-15
  • Market Cap
CryptoNewsMetaverse
Home»Binance employees to adhere to 90-day period prior to trading

Binance employees to adhere to 90-day period prior to trading

2023-01-10No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Crypto exchange Binance has been a major talking point since the downfall of FTX, both inside and outside of the crypto industry. The company and its founder, Changpeng “CZ” Zhao, have been under a microscope in an attempt to keep the behemoth in line.

On Jan. 10, a tweet surfaced regarding the cryptocurrency exchange’s employee policy to prevent insider trading. It claimed Binance employees of any ranking are not allowed to participate in personal short-term trading and must hold positions for a minimum of 90 days.

Cointelegraph reached out to Binance to confirm its policy and comment on the implications.

A spokesperson from the company replied to Cointelegraph that it has a zero-tolerance policy for using insider information for profit by both employees and relevant family members.

“Every employee is subject to a 90-day hold on any investments they make, and Binance’s leaders are mandated to report any trading activity on a quarterly basis.”

The spokesperson went on to say that the company has an internal process of standing by these conditions, including internal protocols investigated by a security team to hold those accountable who have engaged in such behavior.

“Immediate termination is the minimal repercussion,” remarked the Binance representative.

Cast your vote now!

Previously in 2018, it was reported that Binance’s insider trading prevention policy included a 30-day period rather than the extended 90-day period currently enforced. The company did not comment on the change.

In response to the tweet, some community members questioned how such a policy could be practically implemented, while many others called the practice reasonable.

Related: ‘Binance is the crypto market:’ Arcane crowns the exchange 2022’s winner

The crypto world revolving around Binance does not stop. Federal prosecutors in the United States are conducting a probe of the cryptocurrency exchange in relation to potential money laundering.

Additionally, on Jan. 4, regulators in the U.S. filed a “limited objection” to Binance.US’ proposed billion-dollar acquisition of Voyager Digital.

Meanwhile, Binance became one of the first crypto firms to join the Association of Certified Sanctions Specialists to address standards of compliance with global sanctions.



Source link

90day adhere Binance Employees period prior Trading
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

2023-03-15

Crypto Exchange Binance Approached SEC Chair Gary Gensler in 2018 To Offer Advisory Position: Report

2023-03-07

Here’s how Binance is mitigating its stablecoin needs after BUSD ban

2023-03-07

Binance tried to hire Gary Gensler in 2018 for closer ties with U.S. regulators: Report

2023-03-06
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Top Crypto Analyst Predicts Brutal Ethereum (ETH) Collapse Toward End of Year – Here’s His Target

2022-08-21

Ethereum (ETH) Price Prediction 2025-2030: How realistic is $50K after the Merge?

2022-09-18

MiCa, AMLA and EU’s ‘wild west’ problem: Law Decoded, June 27-July 4

2022-07-05

Subscribe to Updates

Get the latest news and Update from Cryptonewsmetaverse.com about Crypto, Metaverse and NFT.

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, NFT, Metaverse and more.

We're social. Connect with us:

Facebook Instagram YouTube TikTok
Top Insights

Coinbase receives Wells notice from SEC

2023-03-22

Woman Allegedly Involved in $4,000,000,000 ‘OneCoin’ Scheme Hit With Fraud Charges by the DOJ

2023-03-22

Coinbase Says US Banking Crisis Reinforcing Crypto Assets to the Upside, Catching Attention of Institutions

2023-03-22
Get Informed

Subscribe to Updates

Get the latest news and Update from Cryptonewsmetaverse.com about Crypto, Metaverse and NFT.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
© 2023 Cryptonewsmetaverse.com. Designed by ProdigitalX.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$27,598.00-2.89%
  • ethereumEthereum(ETH)$1,751.72-3.60%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.01-0.05%
  • binancecoinBNB(BNB)$323.66-4.58%
  • usd-coinUSD Coin(USDC)$1.010.35%
  • rippleXRP(XRP)$0.427532-8.89%
  • cardanoCardano(ADA)$0.361624-5.43%
  • dogecoinDogecoin(DOGE)$0.074648-3.01%
  • Lido Staked EtherLido Staked Ether(STETH)$1,745.70-3.65%