Japan’s FSA to Enforce Insider Trading Ban on Cryptocurrencies by 2026
Japan's Financial Services Agency (FSA) is set to impose stringent regulations against insider trading in cryptocurrency markets, aligning digital assets with traditional securities under the Financial Instruments and Exchange Act. The amendments, slated for parliamentary submission in 2025, will empower the Securities and Exchange Surveillance Commission to investigate violations and recommend penalties, including criminal charges.
The MOVE targets trades executed using non-public information, mirroring existing frameworks for stocks and bonds. Current rules exclude cryptocurrencies, leaving a regulatory gap the FSA now aims to close. Fines and prosecutions will escalate for offenders, signaling Japan's push for equitable market conditions across asset classes.