Asian and Australian Exchanges Push Back on Corporate Bitcoin Treasuries
- Stock exchanges in India, Hong Kong and Australia are actively blocking or constraining listed companies from holding significant cryptocurrency on their balance sheets as treasury assets.
- Hong Kong Exchanges & Clearing cites “cash company” rules, while the ASX prohibits issuers from keeping over half their assets in cash-like instruments, including crypto.
- Japan Exchange Group appears to be a regional outlier, with its CEO stating that companies with proper disclosure of planned Bitcoin purchases would likely not be deemed unacceptable for listing.
As the crypto market takes a downturn, stock exchanges in India, Hong Kong and Australia are moving to block or constrain listed companies from holding…
