According to a report by the Nikkei, the Japanese government held a cabinet meeting on April 10 and officially passed an amendment to the Financial Instruments and Exchange Act. This amendment marks the first time that crypto assets (virtual currencies) have been incorporated into the financial product regulatory framework. It prohibits insider trading based on undisclosed information and requires issuers to conduct annual information disclosures. The regulatory basis will also be formally shifted from the previous Payment Services Act to the Financial Instruments and Exchange Act, with the registered business name correspondingly changed from "crypto asset exchange operators" to "crypto asset trading operators." In terms of penalties, for institutions engaging in unlicensed crypto asset sales, the maximum imprisonment term has been increased from 3 years to 10 years, and the maximum fine has been raised from 3 million yen to 10 million yen.