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Bitcoin Trading Faces Ban By South Korean Crypto Exchange Bithumb

 Bithumb is one of the major cryptocurrency exchanges from South Korea as per the trading volume. Currently, this crypto trading company gave strict directions to its employees to not indulge in Bitcoin trading following a ban on it. According to the CEO of Bithumb, the step has been taken to make positive changes in the transparency of its transaction. It was all revealed in the Bithumb newsletter.

More About The Ban

Recently, South Korean-based cryptocurrency exchange Bithumb announced banning its employees from trading Bitcoin cryptocurrency. This means they can no longer take advantage of the exchange following the restriction. Hence employees cannot access the internal account on the latter Korean exchange.


When asked about the actual reason behind banning Bitcoin trading, the CEO of Bithumb exchange mentioned in the newsletter that it is all done to emphasize bringing transparency in transactions. And for that employees are debarred from indulging in spilling out any concealed data and becoming part of unlawful trading tactics. To ensure the said operation, the prohibition of manipulating the market price is also implemented.


The South Korean cryptocurrency exchange Bithumb will also be expanding the adhering management and internal monitoring by the training provision for getting the ISCMSC.


Final Words

Stay updated with the latest news from the crypto world. Also, know what is a soft fork and hard fork in blockchain.


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