Japan is working on new rules to crack down on crypto insider trading — TradingView News
Japan’s securities regulator is reportedly set to introduce regulations to ban and punish crypto insider trading, bringing it more in line with how the country handles stock trading.
Japan’s Securities and Exchange Surveillance Commission would be authorized to investigate suspicious trading activity and hit violators with fines based on how much they profited from insider trading, Nikkei Asia reported on Tuesday.
The securities regulator would also make criminal referrals in more serious cases.
There are no insider trading rules under the Financial Instruments and Exchange Act that cover crypto, and the self-regulated Japan Virtual and Crypto Assets Exchange Association lacks a monitoring system to spot suspicious trading, prompting…
