Japan sets out to ban insider trading in crypto: Nikkei — TradingView News
Japan’s financial authorities are preparing to crack down on cryptocurrency insider trading, according to Nikkei Asia.
Nikkei reported Wednesday that the Financial Services Agency plans to file amendments that would explicitly prohibit trading based on non-public information, with violators facing financial penalties proportional to their illicit gains. The amendments would allow the Securities and Exchange Surveillance Commission to have authority to investigate suspected cases and recommend either surcharges or criminal referrals.
The FSA intends to finalize regulatory details by year-end, targeting parliamentary submission in next year’s regular session, according to Nikkei.
Currently, Japan’s Financial Instruments and Exchange Act…
