Japan Moves to Ban Crypto Insider Trading with Tough New Penalties
TLDR
- Japan is preparing to ban insider trading in cryptocurrency markets through new legal amendments.
- The Financial Services Agency plans to introduce a surcharge system linked to profits from illegal cryptocurrency trading.
- The Securities and Exchange Surveillance Commission will gain power to investigate and penalize suspicious crypto trades.
- The new rules will extend insider trading bans to crypto assets under the Financial Instruments and Exchange Act.
- Japan faces challenges in defining insiders due to the decentralized nature of many cryptocurrencies.
Japan will introduce harsh penalties against insider trading in cryptocurrencies under a planned amendment to its securities law. The new rules will grant the
