On Jan. 10, there was a tweet about Binance’s employee policy regarding insider trading prevention. It claims that Binance employees of all levels will not be allowed to participate in personal short-term trading and must hold positions for at least 90 days.
A spokesperson for Binance confirmed that the company has a zero-tolerance policy against insider trading for both its employees and their involved family members.
“All employees will be suspended for 90 days for any investments they make, and Binance leaders are required to report quarterly any trading activity.”
The spokesperson continued: The Company has internal procedures for upholding these conditions. This includes internal protocols reviewed by security teams to control those involved in such behavior.
However, some netizensquestionHow can such policies actually be implemented? while others found it reasonable.
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