How Japan’s Crypto Insider Trading Ban Could Reshape Global Policy

In brief

  • Japan plans to ban insider trading in cryptocurrencies under the Financial Instruments and Exchange Act.
  • The move empowers its financial regulators to investigate and penalize illicit trades, extending securities-style oversight to digital assets.
  • Policy experts say Japan’s clarity could trigger “competitive convergence,” pushing other major markets to align on crypto regulation.

Japan is poised to rewrite the rules of crypto oversight, moving to curb crypto insider trading as part of a broader push to bring digital markets into its orbit.

The country’s Financial Services Agency plans to empower its market watchdog, the Securities and Exchange Surveillance Commission, to police illicit crypto trades, in a shift that could…

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