Financial Services Agency introduces internal trading regulations for virtual currencies; submits law amendments to classify them into "financial products" = Report

The Financial Services Agency is expected to submit a bill to amend the Financial Instruments and Exchange Act, which uses cryptocurrencies as financial instruments, to the Diet by 2026. It will also introduce regulations regarding insider trading. The Nihon Keizai Shimbun reported on the 30th.

The Financial Services Agency has previously recognized that the current regulatory framework, which treats virtual currencies such as Bitcoin (BTC) as payment methods, is disparate from the market reality. Since virtual currencies are often traded for investment purposes rather than for payment methods, this is a move to comply with regulations.

What is insider trading?

Those who are in a position to be exposed to information about important facts that only those insiders of a business can know are in their position...