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Japan's SESC Recommends Fine Against Fisco for Crypto Market Manipulation
12/05/2025, 14:07
AI SUMMARY
●SESC accuses Fisco of artificially inflating Fisco Coin prices
●Regulator recommends administrative penalty for market manipulation
●Case underscores stricter enforcement on corporate crypto issuers in Japan
Japan's Securities and Exchange Surveillance Commission (SESC) has recommended a fine against Fisco for manipulating the price of its issued cryptocurrency, Fisco Coin. The commission found evidence that the company engaged in activities to artificially inflate the token's value to avoid valuation losses.
This recommendation marks a notable instance of regulatory enforcement against domestic corporate token issuers in Japan. It underscores the SESC's increasing scrutiny of market conduct within the local crypto asset sector.