[Japan Financial Services Agency Considers Strengthening Crypto Asset Lending Regulations and Setting Investment Limits for IE0] According to Coinpost, the Japan Financial Services Agency (JFSA) held the fifth meeting of the Financial System Council's 'Crypto Asset System Working Group' today. The agency plans to include crypto asset lending businesses under the scope of the Financial Instruments and Exchange Act and is considering setting investment limits for IE0 (Initial Exchange Offerings). Currently, regulatory loopholes allow lending platforms to operate without registration, leaving users exposed to credit risks and price volatility, while platforms are not obligated to implement asset segregation and storage measures. The new regulations will require platforms to establish comprehensive risk management systems for relenders and staking nodes, strengthen asset security management, and enhance customer risk disclosures. However, inter-institutional transactions will remain unrestricted. Regarding IE0 regulations, the meeting proposed setting investment limits based on equity crowdfunding rules (e.g., investments exceeding 500,000 yen should not exceed 5% of annual income). However, some committee members pointed out that since IE0 tokens immediately enter secondary market trading after issuance, restricting primary market investments alone may not effectively control risks.