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Story summary
- Japan will ban insider trading in cryptocurrencies under the Financial Instruments and Exchange Act (FIEA), aligning crypto markets with securities laws.
- The Financial Services Agency (FSA) and the Securities and Exchange Surveillance Commission (SESC) will oversee the changes.
- SESC will investigate suspicious trades and impose fines based on illicit profits.
- The framework should be finalized by the end of 2025, as the crypto user base reaches 7.88 million.
