An insider is someone who has or is likely to have crypto asset-related information.
Crypto asset-related information refers to anything having to do with undisclosed important information related to LINE BITMAX or regarding crypto assets handled or intended to be handled by LINE BITMAX, as well as information that could affect one's decision to purchase, sell, or trade crypto assets.
For example, the following types of people are likely to be insiders:
1) An issuer or manager of a crypto asset handled by LINE BITMAX
2) An associated company (as defined in article 8.8 of the "Regulation for Terminology, Forms and Preparation of Financial Statements") of a person described in 1)
3) A major shareholder of 1) or 2)
4) An officer of 1) or 2)
5) A person who formerly qualified as 4) within one year
6) A spouse or cohabitant of 4)
7) An employee of 1) or 2)
8) A major shareholder, officer, or employee who conducts crypto asset-related trading for business (regardless of registration or whether they are in Japan or abroad)
If you qualify as an insider, you cannot make transactions using crypto asset-related information. LINE BITMAX monitors for insider trading and other inappropriate transactions, and will alert or warn users if it is determined that any such activity has occurred. We also reserve the right to limit trading or cancel accounts at our discretion.
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