Insider Trading

Japan's cabinet has approved amendments reclassifying cryptocurrencies as financial instruments under the FIEA, introducing insider trading bans, ten-year prison terms for unlicensed operators, and a proposed flat 20 per cent capital gains tax.

The amendment to the Financial Instruments and Exchange Act would subject 105 cryptoassets to the same regulatory framework as stocks and bonds, ban insider trading, and cut the maximum tax rate on crypto gains from 55% to a flat 20%.