Japan To Bring Crypto Under Insider Trading Rules, Cut Tax Burden: Report
Japan is preparing a major reset of its crypto rulebook, moving to treat digital assets as financial products subject to insider trading laws and to lower the tax burden on profits, the Asahi newspaper reported on Sunday.
The Financial Services Agency is drafting measures that would cover 105 cryptocurrencies listed domestically, including Bitcoin and Ethereum.
Exchanges would need to disclose core facts for each asset, such as whether there is an issuer, what technology it uses and the risk of price swings.
The plan brings market conduct rules familiar to equity traders into crypto. People with non-public information tied to issuers or exchanges would be barred from trading on material events like listings, delistings or…
