Next week, the Japan Virtual Currency Exchanges Association (JVCEA) will unveil a new guide regarding crypto regulation. This is reported by Cointelegraph.
According to the publication, the recommendations will include a ban on insider crypto trading and penalties for employees of exchanges seen in this illegal activity.
Presumably, JVCEA will publish the paper on June 27.
Japan Virtual Currency Exchanges Association appeared in late April as a reaction to the Coincheck hack, as a result of which the site lost $ 533 million in the NEM cryptocurrency. Since then, the organization has monitored the activities of local trading platforms and ensures their safety.
Since June 18, Japan has officially banned anonymous cryptocurrencies.