Japanese Regulator Eyes Ban on Crypto Insider Trading: Nikkei
Japan plans to ban insider trading of cryptocurrencies, marking the first such measure in the country. The Securities and Exchange Surveillance Commission (SESC) will gain authority to investigate, recommend penalties, or make criminal referrals for trades based on non-public information involving digital assets. Previously, insider trading laws did not cover cryptocurrencies. The Financial Services Agency will discuss regulatory details with the goal of enacting new laws in 2026. Regulators will first clarify that trading crypto on undisclosed information is prohibited, then develop specific rules. Japan has a significant history with crypto, being home to the former major exchange Mt. Gox, which collapsed after a large-scale hack in 2014.
