[Japan Plans to Include Crypto Assets Under Securities Regulatory Framework, Tighten IEO Disclosures, and Crack Down on Insider Trading] Foresight News reports that Japan's Financial Services Agency (FSA) has released a report from its Financial System Council working group, proposing to shift the regulatory basis for crypto assets from the current Payment Services Act (PSA) to the Financial Instruments and Exchange Act (FIEA), which primarily targets investment and securities markets. The proposal plans to strengthen IEO disclosure requirements, mandating the provision of details about issuing entities, token allocation methods, and other presale information, as well as conducting third-party code audits. Additionally, the new framework aims to introduce regulations against insider trading and unfair trading of crypto assets, establish a levy system, and grant regulatory authorities stronger tools to crack down on unregistered platforms, including overseas platforms and DEXs. At the same time, it suggests allowing banks and insurance companies to hold crypto assets for investment purposes, provided a risk management system is established.