[Japan Financial Services Agency Plans to Set IEO Investment Limits and Regulate Crypto Lending Risk Management] On November 7, during the fifth meeting of the cryptocurrency system working group, the Japan Financial Services Agency discussed strengthening the regulation of cryptocurrency lending businesses. The new policy requires companies to establish risk management systems for lenders and collateral contractors, improve cryptocurrency asset storage management systems, explain risks to customers, and regulate advertising practices. Private lending, such as inter-institutional transactions, will not be subject to regulation. Additionally, the meeting proposed introducing IEO investment limits to prevent excessive investment caused by sales pressure during initial exchange offerings without financial audits.