• 34ºc, Sunny

Dunamu: Immediate family members of employees have been restricted from selling and exchanging cryptoassets on Upbit

Dunamu, which operates cryptocurrency exchange Upbit, announced on July 18 that it has released the first Transparency Report on the Korean cryptocurrency industry in line with the implementation of the Virtual Asset User Protection Act. According to the report, Dunamu has restricted employees' immediate family members from selling and exchanging cryptoassets on Upbit in order to maintain the fairness of the trading order and enhance investor confidence, and established the Upbit Market Monitoring System (UMO) to prohibit price manipulation on Upbit. In addition, Dunamu plans to publish a Transparency Report on the Upbit website every year.