PANews reported on December 10th, citing Cointelegraph, that Japan's Financial Services Agency (FSA) has released a report proposing to transfer the regulation of crypto assets from the Payment Services Act (PSA) to the Financial Instruments and Exchange Act (FIEA), treating them as investment products. This move will strengthen IEO disclosure requirements and grant regulators more power to crack down on unregistered platforms, particularly those from overseas and DeFi-related projects, while also introducing provisions prohibiting insider trading.