Japan to Outlaw Crypto Insider Trading, Empowering Watchdogs with New Fines

Japan is set to explicitly ban insider trading in cryptocurrencies. Per a Nikkei Asia report, financial regulators are drafting rules to grant the SESC powers to investigate suspects and impose financial penalties.

The move would close a significant legal gap, as crypto is not currently covered by Japan’s insider trading laws.

The FSA aims to submit the bill to parliament next year, signaling a major step in formalizing oversight of the digital asset market.