Japan is working on new rules to crack down on crypto insider trading
Japan is set to amend its rules, which would empower its securities regulator to investigate and punish those involved in crypto-related insider trading.
Japan’s securities regulator is reportedly set to introduce regulations to ban and punish crypto insider trading, bringing it more in line with how the country handles stock trading.
Japan’s Securities and Exchange Surveillance Commission would be authorized to investigate suspicious trading activity and hit violators with fines based on how much they profited from insider trading, Nikkei Asia reported on Tuesday.
The securities regulator would also make criminal referrals in more serious cases.