Japan’s Financial Services Agency (FSA) plans to mandate regular disclosure from cryptocurrency issuers raising funds, including reports on asset holdings and issuance plans. On January 15, the agency also moved to classify 105 tokens traded on domestic exchanges as financial instruments under new rules. These measures accompany earlier proposals to bring cryptocurrency lending under the Financial Instruments and Exchange Act with strict asset safety controls, risk disclosures, and limits on Initial Exchange Offerings (IEOs). Together, they reflect a broader push to improve transparency, strengthen consumer protections, and align crypto-related activities with traditional financial standards.