Japan Enacts New Rules Against Crypto Insider Trading

Japan is taking a significant step towards regulating crypto markets by enacting new rules prohibiting insider trading. The Financial Services Agency (FSA) will empower the Securities and Exchange Surveillance Commission (SESC) to investigate suspicious trading activity, potentially leading to fines for individuals found guilty of using non-public information in the cryptocurrency sector. The SESC will play a critical role in enforcing these new regulations, focusing on exchanges and blockchain networks across Japan.