“Our framework intends to improve user protection while remaining mindful of promoting innovation, given that crypto assets are increasingly positioned as investment targets for both domestic and foreign investors,” the FSA said in the statement.

The FSA said the government is implementing an insider trading ban for crypto that works exactly like the stock market. Company insiders or exchange workers are banned from buying or selling tokens if they know about unpublicized “material facts”. This includes secrets like an exchange planning to add or drop a coin, a company going out of business, or large trades that make up.

The bill creates strict “information public disclosure rules” to stop developers from lying to the public. Projects…