Japanese Regulator Eyes Ban on Crypto Insider Trading: Nikkei

In brief

  • Regulators want to ban insider crypto trading in Japan, The Nikkei reported.
  • Previously, laws against insider trading didn’t apply to digital assets.
  • The Securities and Exchange Surveillance Commission will be authorized to investigate suspected violations, the report added.

Japanese regulators plan to ban insider trading on crypto, according to a report, in a first for the Asian country which had some of the earliest exposure to digital assets.

The country’s top financial watchdog, the Securities and Exchange Surveillance Commission, will soon be authorized to investigate suspected violations, issuing surcharge recommendations or criminal referrals in the case of trades based on undisclosed information, Japanese financial…

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