Japan is preparing to ban cryptocurrency insider trading under new rules that will treat digital assets like traditional securities.
The Financial Services Agency (FSA) and the Securities and Exchange Surveillance Commission (SESC) are leading the initiative to strengthen oversight of crypto transactions.
According to Nikkei Asia, such legal amendments will be presented in parliament in 2026. In the new system, it will be a crime to trade cryptocurrencies using non-public or privileged information. Offenders can be fined or charged with a crime depending on the magnitude of the offense.
The SESC will have the authority to probe suspected cases and is allowed to charge surcharges on illegal profits.
The FSA plans to form a working group by the end of this year to define what constitutes cryptocurrency insider trading.
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