They have made amendments to the Financial Instruments and Exchange Act. If passed during the current parliamentary session, the law could come into effect in the 2027 fiscal year. Currently, cryptocurrencies are considered payment methods. The new rules prohibit insider trading, require issuers to publish annual reports, and increase penalties. Operating without registration could result in up to 10 years in prison instead of 3. Additionally, fines are increased from 3 million yen ($18,800) to 10 million yen ($62,800). According to the cabinet amendments, the Securities and Exchange Surveillance Commission will have broader regulatory authority.