Japan Tightens Cryptocurrency Rules: Prohibiting Insider Trading

Japan is taking decisive action against insider trading in the cryptocurrency market, implementing stricter regulations to protect investors from unfair advantages. The Financial Services Agency (FSA) has proposed a new framework that prohibits trading based on non-public information about cryptocurrencies. This will empower the Securities and Exchange Surveillance Commission (SESC), similar to how it works for traditional securities markets, to impose significant penalties on violators. The SESC can even refer cases to courts if violations are severe.