[Japan Plans to Include Cryptocurrency Under Securities Regulatory Framework] The Japanese Financial Services Agency has proposed shifting cryptocurrency regulation from the Payment Services Act to the Financial Instruments and Exchange Act framework to enhance investor protection and address issues such as unclear information disclosure. Reports indicate that Japan already has over 12 million cryptocurrency accounts, with total user deposits amounting to approximately $33.7 billion. If the new regulations are implemented, issuers and intermediary services will face stricter oversight. The proposal is currently awaiting further review.