According to Nikkei News, Japan's Financial Services Agency plans to strengthen penalties for violations of crypto asset regulations. For unregistered institutions conducting cryptocurrency sales, the maximum prison sentence is proposed to increase from 3 years or less to 10 years or less, and the maximum fine will also increase from 3 million yen to 10 million yen. The related legislative amendments are planned to be submitted to the Diet in the near term to strengthen investor protection.

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