In an effort to step up consumer protections and improve transparency, Japan’s cryptocurrency industry has drafted new regulations that prohibit insider trading and the trading of new currencies that cannot be traced easily.
The Japan Virtual Currency Exchange Association, created in March, will vote on the proposal at a meeting on June 27. It seeks to adopt the rules as soon as it is recognized as a self-regulatory body by the Financial Services Agency, a financial watchdog.
‘Enforcement 40’ for 2020
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